Exams › IBPS PO › General Awareness
According to RBI guidelines, the term "bulk deposit" is used for a single rupee term deposit of
- ₹25 lakh and above
- ₹75 lakh and above
- ₹1 crore and above
- ₹50 lakh and above
Correct answer: ₹1 crore and above
Solution
As per RBI guidelines, a bulk deposit refers to a single rupee term deposit of ₹1 crore and above. This threshold is used to identify large-value deposits. Therefore, the correct answer is ₹1 crore and above.
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