Questions

Schedule bank’s account can be treated as inoperative account only after 2 years from the date of the last credit entry of interest on Fixed Deposit account as per RBI guidelines.

As per guidelines of the RBI, payments banks can accept demand deposits – savings and current – up to a maximum of ?1 lakh per customer. To overcome this restriction of holding a maximum balance of ?1 lakh per customer, payments banks have entered into tie-ups with mainline banks so that balances over ?1 lakh can be converted into fixed deposits with the latter. 

Coal production (weight: 4.38 %) increased by 12.0 % in June 2016 over June 2015. Its cumulative index during April to June 2016-17 increased by 5.4% over corresponding period of previous year.Natural Gas

The Natural Gas production(weight: 1.71 %) decreased by 4.5 % in June 2016 over June 2015. Its cumulative index during April to June 2016-17 declined by 6.1 % over the corresponding period of previous year.Refinery Products (93% of Crude Throughput)

Petroleum Refinery production(weight: 5.94%) increased by 3.5 % in June 2016 over June 2015. Its cumulative index during April to June 2016-17 increased by 7.1 % over the corresponding period of previous year.Fertilizers

Fertilizer production(weight: 1.25%)increased by 9.8 % in June 2016 over June 2015. Its cumulative index during April to June 2016-17 increased by 11.0 % over the corresponding period of previous year.