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PPB Capsule Cards PRO Opening Accounts of Vario…
What is a major operational restriction when a bank opens a deposit account for an illiterate person?
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Accounts for Illiterate Persons
Opening Accounts of Various Types of Customers 49
WA 49
PPB Capsule Cards PRO Opening Accounts of Vario…
Under RBI norms, what restriction applies to opening a current account for a borrower with banking system exposure less than Rs. 5 crore?
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Current Account: < 5 Crore Exposure
Opening Accounts of Various Types of Customers 46
WA 46
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Who can open a current account for a borrower with system-wide exposure between Rs. 5 crore and 50 crore?
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Current Account: 5 to 50 Crore
Opening Accounts of Various Types of Customers 44
WA 44
PPB Capsule Cards PRO Opening Accounts of Vario…
At what age does the RBI permit minors to open and independently operate a savings bank account?
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Minors: Independent Operation
Opening Accounts of Various Types of Customers 43
WA 43
PPB Capsule Cards PRO Opening Accounts of Vario…
If an account is operated jointly by trustees and one trustee dies, who assumes authority?
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Trust Accounts: Death of a Trustee
Opening Accounts of Various Types of Customers 42
WA 42
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PPB Capsule Cards PRO Opening Accounts of Vario…
What happens to a partnership firm's bank account upon the death of a partner?
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Partnership: Death of a Partner
Opening Accounts of Various Types of Customers 41
WA 41
PPB Capsule Cards PRO Opening Accounts of Vario…
What is the minimum number of members required to incorporate a Private vs. a Public Limited Company?
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Private vs Public Limited Company
Opening Accounts of Various Types of Customers 41
WA 41
PPB Capsule Cards PRO Opening Accounts of Vario…
What two fundamental corporate documents are essential when opening an account for a Limited Company?
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Documents for Company Accounts
Opening Accounts of Various Types of Customers 41
WA 41
PPB Capsule Cards PRO Opening Accounts of Vario…
Are blind persons legally competent to open and operate a bank account, and what is the signature protocol?
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Accounts for Blind Persons
Opening Accounts of Various Types of Customers 39
WA 39
PPB Capsule Cards PRO Opening Accounts of Vario…
Under the Indian Partnership Act, what power does a partner hold regarding the firm's banking transactions?
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Partnership: Implied Authority
Opening Accounts of Various Types of Customers 39
WA 39
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PPB Capsule Cards PRO Opening Accounts of Vario…
In a Hindu Undivided Family (HUF) business, who has the implied authority to operate the bank account?
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HUF: Account Operator
Opening Accounts of Various Types of Customers 38
WA 38
PPB Capsule Cards PRO Opening Accounts of Vario…
What is the format and purpose of the Legal Entity Identifier (LEI)?
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Legal Entity Identifier (LEI) Code
Opening Accounts of Various Types of Customers 38
WA 38
PPB Capsule Cards PRO Opening Accounts of Vario…
What is the difference between an Executor and an Administrator of an estate?
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Executors vs Administrators
Opening Accounts of Various Types of Customers 37
WA 37
PPB Capsule Cards PRO Opening Accounts of Vario…
What does the 'Either or Survivor' (E or S) mandate mean in a joint account?
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Joint Account Mandate: E or S
Opening Accounts of Various Types of Customers 34
WA 34
PPB Capsule Cards PRO Opening Accounts of Vario…
At what aggregate exposure level has the RBI mandated the LEI for non-individual corporate borrowers?
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LEI Threshold for Borrowers
Opening Accounts of Various Types of Customers 31
WA 31
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What mechanism is required for borrowers having a banking system exposure of Rs. 50 crore or more?
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Current Account: > 50 Crore
Opening Accounts of Various Types of Customers 30
WA 30
PPB Capsule Cards PRO Opening Accounts of Vario…
What does the 'Former or Survivor' (F or S) mandate mean?
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Joint Account Mandate: F or S
Opening Accounts of Various Types of Customers 30
WA 30
PPB Capsule Cards PRO Opening Accounts of Vario…
What specific authorization is needed to open an account for a Government Department?
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Govt Departments Account Opening
Opening Accounts of Various Types of Customers 35
WA 35
PPB Capsule Cards PRO Opening Accounts of Vario…
In a jointly operated account, who has the authority to issue 'Stop Payment' instructions for a cheque?
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Joint Account: Stop Payment
Opening Accounts of Various Types of Customers 35
WA 35
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Opening Accounts of Various Types of Customers — JAIIB PPB Capsules

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All 19 cards on this page
Accounts for Illiterate Persons What is a major operational restriction when a bank opens a deposit account for an illiterate person? Current Account: < 5 Crore Exposure Under RBI norms, what restriction applies to opening a current account for a borrower with banking syste… Current Account: 5 to 50 Crore Who can open a current account for a borrower with system-wide exposure between Rs. 5 crore and 50 crore? Minors: Independent Operation At what age does the RBI permit minors to open and independently operate a savings bank account? Trust Accounts: Death of a Trustee If an account is operated jointly by trustees and one trustee dies, who assumes authority? Partnership: Death of a Partner What happens to a partnership firm's bank account upon the death of a partner? Private vs Public Limited Company What is the minimum number of members required to incorporate a Private vs. a Public Limited Company? Documents for Company Accounts What two fundamental corporate documents are essential when opening an account for a Limited Company? Accounts for Blind Persons Are blind persons legally competent to open and operate a bank account, and what is the signature protoc… Partnership: Implied Authority Under the Indian Partnership Act, what power does a partner hold regarding the firm's banking transactio… HUF: Account Operator In a Hindu Undivided Family (HUF) business, who has the implied authority to operate the bank account? Legal Entity Identifier (LEI) Code What is the format and purpose of the Legal Entity Identifier (LEI)? Executors vs Administrators What is the difference between an Executor and an Administrator of an estate? Joint Account Mandate: E or S What does the 'Either or Survivor' (E or S) mandate mean in a joint account? LEI Threshold for Borrowers At what aggregate exposure level has the RBI mandated the LEI for non-individual corporate borrowers? Current Account: > 50 Crore What mechanism is required for borrowers having a banking system exposure of Rs. 50 crore or more? Joint Account Mandate: F or S What does the 'Former or Survivor' (F or S) mandate mean? Govt Departments Account Opening What specific authorization is needed to open an account for a Government Department? Joint Account: Stop Payment In a jointly operated account, who has the authority to issue 'Stop Payment' instructions for a cheque?
Chapters in this paper
Banker-Customer Relationship Principles of Lending, Different Types of Borrowers, and Types of Credit Facilities Essentials of Bank Computerisation Ethics, Business Ethics & Banking: An Integrated Perspective AML- KYC Guidelines Appraisal and Assessment of Credit Facilities Operational Aspects of CBS Environment Ethics at the Individual Level Operational Aspects of KYC Operational Aspects of Loan Accounts Alternate Delivery Channels – Digital Banking Ethical Dimensions: Employees Opening Accounts of Various Types of Customers Types of Collaterals and their Characteristics Data Communication Network and EFT Systems Work Ethics and the Workplace
Modules in PPB
MODULE A: General Banking Operations MODULE B: Functions of Banks MODULE C: Banking Technology MODULE D: Ethics in Banks and Financial Institutions
JAIIB papers
IE-IFS — Indian Economy & Indian Financial System PPB — Principles & Practices of Banking AFM — Accounting & Financial Management for Bankers RBWM — Retail Banking & Wealth Management
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