Banking · Customer Liability Regulations
According to RBI guidelines, a customer's liability on unauthorized electronic transactions due to their own negligence (e.g., sharing OTP) is capped at a maximum of ₹10,000 post-reporting for which of the following account types?
- 1Basic Savings Bank Deposit Account (BSBDA)
- 2Corporate Credit Card
- 3Current Account
- 4Savings Bank Account✓
Correct answer
Savings Bank Account
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