alleryTotal credits to a small account in a financial year may not exceed:
AFour lakh
BNine lakh
COne lakh
DTwo lakh
Answer & Solution
Correct answer: C. One lakh
1. A small account is a savings account under the PML Rules.
2. It carries limits on credits, withdrawals and balance.
3. The yearly credit limit is one lakh rupees.
_Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_
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