BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the amount of money required to be stay in an account?
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Maximum Balance
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Minimum Balance
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Minimum Deposit
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Maximum Deposit
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Explanation:
Detailed explanation-1: -Most minimum deposit amounts fall between $25 and $100 for national banks and between $1 and $10 for credit unions. Online financial institutions are the best places to look for savings accounts with no minimum deposit.
Detailed explanation-2: -The minimum average monthly amount for the bank’s regular savings accounts is Rs 10, 000 for metro areas, Rs 5, 000 for semi-urban areas, and Rs 2, 000 for rural areas.
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