BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Basic Savings Branch Deposit Account
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Balance Savings Bank Deposit Account
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Basic Savings Bank Demand Account
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Basic Savings Bank Deposit Account
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Detailed explanation-1: -The Basic Saving Bank Deposit Account should be considered as normal banking service. This account shall not have the requirement of any minimum balance.
Detailed explanation-2: -This account is majorly for those who do not have enough money to maintain minimum balance in a savings account. Read below the features of this account. Minimum balance required for the account is Nil. Basic Ru-Pay Debit/ATM card.
Detailed explanation-3: -2. The Basic Savings Bank Deposit (BSBD) Account was designed as a savings account which will offer certain minimum facilities, free of charge, to the holders of such accounts.
Detailed explanation-4: -No Initial Payment is required to open a ‘Basic Savings Bank Deposit’ account and No Average Monthly Balance needs to be maintained.
Detailed explanation-5: -1 lakh The aggregate of all withdrawals and transfers during the month not to exceed Rs. 10, 000/-The balance at any point of time not to exceed Rs. 50, 000/-. Maximum of only 4 withdrawals per month (including ATM WITHDRAWALS) is allowed free of charge.