25. In its first bi-monthly monetary policy statement issued on 1st April 2014, the RBI announced which major relief for saving bank account holders ?
KYC documents not necessary
Banks to cut down services on low-balance accounts and do away with fines
Account holder not responsible for the deposited funds, so he is indirectly allowed to do money laundering
Signature may not be tallied
Answer & Explanation
Answer: Option B
Explanation: Banks to cut down services on low-balance accounts and do away with fines
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