BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Safe custody
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Safe deposit
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Locker
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Valid safe deposit
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Detailed explanation-1: -The Safe Custody Account is for individuals who want to safeguard important documents and other valuables. The opening of a Safe Custody Account requires you to fulfil certain eligibility criteria. Here are the eligibility criteria for the account.
Detailed explanation-2: -1. Purpose. A Short term deposit to enable depositors to earn more rate of interest which is applicable for term deposit. Accordingly depositor can choose the period ( in number of days) as per their choice.
Detailed explanation-3: -The Fixed deposit receipt acts as an acknowledgment and proof of the ownership of the fixed deposit account by a particular individual.. Apart from this, this receipt contains every single detail pertaining to the fixed deposit such as interest applicable, term and so on.