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Which scheme is outside these settlement of claims directions?
APublic Provident Fund
BPublic Provision Fund
CPublic Provided Fund
DPublic Providence Fund
Answer & Solution
Correct answer: A. Public Provident Fund
1. Government savings schemes run by banks are excluded.
2. The Senior Citizen Savings Scheme is one example.
3. The Public Provident Fund is another.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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