BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Retail Banking
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Merchant Banking
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Institutional Banking
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Social Banking
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Detailed explanation-1: -The correct answer is Retail Banking.
Detailed explanation-2: -A minor is any person below the age of 18 years. For accounts of minors below 10 years of age, the guardian must operate the account. For minors over 10 years of age can operate the account on their own.
Detailed explanation-3: -Child savings accounts offer many of the same features as regular savings accounts, such as a passbook, email statements, balance inquiries, an ATM/debit card with daily withdrawal limits, and more.
Detailed explanation-4: -PehlaKadam : Minor of any age. This account will be jointly opened with the parent/guardian. PehliUdaan : Minors above the age of 10 years and who can sign uniformly. This account will be opened in the sole name of the minor.