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Which factor mainly limits excessive withdrawals from savings accounts?

hard Q10 of 15
Banking Awareness - Types Of Bank Accounts
Which factor mainly limits excessive withdrawals from savings accounts?
AFixed maturity period
BPenalty on every withdrawal
CBank and RBI regulations
DCustomer age limit
Step-by-Step Solution

  1. Step 1: Identify governing authority.

    Withdrawal norms are framed by banks under RBI rules.

  2. Step 2: Match with correct factor.

    Regulations control withdrawal frequency.

  3. Final Answer:

    Bank and RBI regulations → Option C

  4. Quick Check:

    Rules come from banks under RBI oversight ✅
Quick Trick: Withdrawal rules = Bank + RBI.
Common Mistakes:
  • Thinking maturity or penalties control withdrawals.
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