BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Extra amount of money you have to pay.
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Extra amount the bank gives you.
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The amount of money you currently have in your account.
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The amount of money you want in your account.
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Detailed explanation-1: -Savings Account with Highest Interest Rates 2023. There are a number of public sector as well as private sector banks in India. Although each bank, generally has a different range of interest rate for savings accounts, the rates usually range from 2.70% p.a. to 7.00% p.a.
Detailed explanation-2: -How much interest can you earn on $1, 000? If you’re able to put away a bigger chunk of money, you’ll earn more interest. Save $1, 000 for a year at 0.01% APY, and you’ll end up with $1, 000.10. If you put the same $1, 000 in a high-yield savings account, you could earn about $5 after a year.
Detailed explanation-3: -The only bank now paying the highest interest rate of 7.50% on savings bank deposits of more than ₹25 crore is Ujjivan Small Finance Bank. The Ujjivan Small Finance Bank’s interest rates for Domestic and Non-Resident Accounts are listed below, effective as of November 1, 2022.
Detailed explanation-4: -What are the Different Types of Interest? The three types of interest include simple (regular) interest, accrued interest, and compounding interest.