BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the eligibility criteria of B3 digital only accounts opened through BOB World
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Only tax resident individuals aged 18 & above can open
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It is only available to new customers
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A/c can be opened in single name
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all are correct
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Explanation:
Detailed explanation-1: -All resident individuals* above the age of 18 years can apply for a Bank of Baroda B3 Account. However, existing BOB accountholders are not permitted to open a B3 account.
Detailed explanation-2: -Enjoy it all with a minimum balance of Rs. 50, 000.
Detailed explanation-3: -Bank of Baroda’s digital savings account requires a minimum balance of Rs. 2, 000 in Semi-urban or Rural branches and Rs. 5, 000 in Urban branches. Both Recurring and Fixed Deposits can be opened by transferring funds from the savings account.
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