Mathematics · Applied Financial Numeracy
Mr. Somesh opened a PMJDY account on October 10, 2018 with a RuPay card. He died in an accident on December 20, 2023. His card transactions were: - July 15, 2023: Cash Withdrawal - August 25, 2023: Balance Inquiry - September 15, 2023: Mobile Recharge - November 05, 2023: Mini Statement Based on PMJDY rules for post-August 2018 accounts, what is the max insurance payable and the qualifying transaction date under the 90-day rule?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Max Amount: 0 Rupees; Claim rejected as all transactions were non-financial.
- 2Max Amount: 2,00,000 Rupees; Last Transaction: September 15, 2023.
- 3Max Amount: 2,00,000 Rupees; Last Transaction: November 05, 2023.✓
- 4Max Amount: 1,00,000 Rupees; Last Transaction: July 15, 2023.
Correct answer
Max Amount: 2,00,000 Rupees; Last Transaction: November 05, 2023.
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