19 Questions
What does EID stand for in the context of Aadhaar?
Electronic Identity Number
Which organization issues the Aadhaar card in India?
Unique Identification Authority of India (UIDAI)
What is the purpose of a PAN card in India?
To identify and link tax transactions
What is the significance of a password-protected e-Aadhaar card?
It is a digitally signed copy of Aadhaar
How many digits make up the Permanent Account Number (PAN) in India?
10 digits
What is required to procure a PAN card according to the text?
Application via PAN application center
What must you have correctly detailed before opening a bank account?
PAN card procured
What is required at the time of bank account application according to the text?
PAN Card
How can you retrieve a lost or forgotten EID according to the text?
Through registered mobile number
What is the main purpose of having a bank account according to the text?
To have proof of payment
Ms. Charu wants to open a Savings Account, avail Safe Deposit Locker facility, and later avail a vehicle loan. Which document would she NOT need for address proof?
PAN
What is the significance of a minimum initial deposit when opening a bank account?
It protects the bank from financial loss
Which KYC document is essential for verifying identity but not considered as address proof?
Aadhaar
What is the primary benefit of having a Safe Deposit Locker facility at the bank?
Secure storage for valuables
Why does having a bank account allow individuals to get their money faster compared to check-cashing?
Because banks have faster processing systems
Which of the following is NOT typically included as part of a KYC process?
$10 fee for verification
'Empowering themselves' in the context of financial inclusion most likely refers to:
Taking personal responsibility for financial security
'Digitization of banking infrastructure' is primarily focused on:
Improving online banking services and transactions
What is the purpose of requiring an initial deposit when opening a bank account?
As security against potential loss for the bank
Learn about the documentation and steps required for obtaining a PAN card by submitting Form 49A/49AA at the designated PAN application centres of UTIITSL or NSDL. Understand the specific forms for Indian citizens and nonresidents, and the necessary photographs and documents for proof.
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