BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The facility not available in the BSBDA is?

A	Deposit amount
B	Withdrawing of cash
C	ATM Card
D	All above facilities are available.

Explanation:

Detailed explanation-1: -BSBDA does not envisage cheque book facility in the minimum facilities that should be provided to BSBDA customers.

Detailed explanation-2: -The facility of ATM card or ATM-cum-Debit Card can be availed. Nomination facility can also be availed. These facilities are provided without any charges.

Detailed explanation-3: -All transactions and deposits in the account are free of cost. If the balance exceeds INR 50, 000 or total credit in the account exceeds INR 1, 00, 000 in a year, no further transaction will be permitted until the full KYC procedure is completed. Maximum 4 withdrawals in a month are allowed.

Detailed explanation-4: -The services available free in the ‘Basic Savings Bank Deposit Account’ will include deposit and withdrawal of cash; receipt / credit of money through electronic payment channels or by means of deposit / collection of cheques at bank branches as well as ATMs.

There is 1 question to complete.