NACH Mandate Checking

1.

1 point

What does middle 03 digit of Micr code denotes?

Location

Branch

Any one of the above

Bank

2.

1 point

What EMI amount to be mentioned for Home Loan cases?

All of the above

EMI Amount

Twice of EMI Amount

3.

1 point

For link loan cases which loan account number should be written on the back side of Nach mandate?

All of the above

Parent loan account number

Child or Parent loan account number

Child loan account numbers

4.

1 point

What EMI amount to be mentioned for Consumer Loan cases?

Emi Amount

All of the above

Twice of EMI Amount

5.

1 point

Does any field can be overwritten on NACH mandate?

True

False

6.

1 point

Which are the code for Saving Account (SB) type?

10

30

29

31

7.

1 point

Which Account holder name should be mentioned on Nach mandate?

Account Holder Name which is printed on the cancelled cheque OR pass book

Third Party's Name

Co- applicant Name

All of the above

8.

1 point

What is the length of the Loan account Number?

17

15

20

16

9.

1 point

What does last 03 digit of Micr code denotes?

Bank

Any one of the above

Location

Branch

10.

1 point

Whether single EMI amount to be mentioned for linked loan cases?

Yes

No

11.

1 point

Can Action be double ticked on Nach mandates?

Yes

No

12.

1 point

Who should sign the NACH mandate form?

Co- Applicant

Account holder as per bank records

Alll of the above

Third Party

13.

1 point

Whether EMI amount in words and figures on Nach mandate can be different?

No

Yes

14.

1 point

For link loan cases which loan account number should be written on the front side of Nach mandate?

All of the above

Child loan account numbers

Parent loan account number

Child or Parent loan account number

15.

1 point

Demographic Details of customers such as email id, Mobile number or telephone number can be updated on Nach mandate?

No

Yes

16.

1 point

Does any critical information can be written on the back side of the Nach mandate?

No

Yes

17.

1 point

What should be filled in Bank Account Number on Nach mandate?

Co- Applicant's Bank account Number

Third Party Bank Account number

Customer's Bank Account Number from which EMI to be debited

ICICI Bank Account number

18.

1 point

Sponsor bank code and Utiltiy code on Nach mandates can be amended?

Yes

No

19.

1 point

Whether amount in figures and words should always match on Nach mandate?

No

Yes

20.

1 point

Can any of the fields on the Nach mandate should be left Blank unless specified?

Yes

No

21.

1 point

Does Signature of Customer account holder required as per Bank records ?

No

Yes

22.

1 point

What EMI amount should be mentioned for Link Loan cases?

Single EMI amount

Bulk EMI amount (Parent and Child Loans)

EMI amount of Parent loan

EMI amount of Child Loan

23.

1 point

Can Action be double ticked on Nach mandates?

No

Yes

24.

1 point

Which Action to be ticked on Nach mandate?

Modify

Create

Cancel

All of the above

25.

1 point

In Nach mandate ideally which date to be written in column "Period From" ?

EMI Date

Maturity Date

Start Date

All of the above

26.

1 point

Which date to be wriiten on the top right hand corner of Nach mandate?

Date should be mentioned always after the effective date of Mandate

Date should be mentioned always prior to effective date of Mandate

Any one of the above

27.

1 point

Which are the codes for Current Account (CA) type?

10

29

31

11

28.

1 point

What is the length of the Account type?

1

4

2

3

29.

1 point

What does first 03 digit of Micr code denotes?

Any one of the above

Location

Branch

Bank

30.

1 point

How many digits does MICR code contains?

12

10

7

9