Understanding Bank Holds
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Questions and Answers

What is the amount mentioned in the statement that is held due to unrecovered service charges?

  • ₹2,500.00
  • ₹3,066.18 (correct)
  • ₹4,000.00
  • ₹3,600.25
  • On what date is the statement issued for the unrecovered service charges?

  • 22 Nov 2024 (correct)
  • 22 Dec 2024
  • 22 Jan 2025
  • 22 Nov 2023
  • Which bank is holding the amount due to unrecovered service charges?

  • HDFC Bank (correct)
  • ICICI Bank
  • State Bank of India
  • Axis Bank
  • What is the primary reason given for holding the amount?

    <p>Unrecovered service charges</p> Signup and view all the answers

    Which of the following amounts is NOT mentioned in the statement?

    <p>₹4,500.00</p> Signup and view all the answers

    Study Notes

    Statement Summary

    • Date: 22 Nov 2024
    • Amount held: ₹3,066.18
    • Reason for hold: Unrecovered service charges
    • Holder of funds: HDFC Bank

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    Description

    This quiz explores the concept of bank holds, specifically focusing on unrecovered service charges. Participants will learn about the implications of such holds, the processes involved, and how they affect customers. Understand your financial rights and the role of banks in managing funds.

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