BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What types of accounts (except loans) a NRE can open
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Saving, Current, Term deposits and Recurring deposits
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Saving, Current, Term deposits
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Saving, Current
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Saving, Term deposits
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Explanation:
Detailed explanation-1: -In India, there are three types of accounts that Non-Resident Indians (NRIs) can open – NRE Account, NRO Account, and FCNR (B) Account.
Detailed explanation-2: -Here are the types of bank accounts an NRI can open in India: Non-Resident (External) Rupee Account (NRE account) Non-Resident (Ordinary) Rupee Account (NRO account) Foreign Currency (Non-Resident) Account (FCNR account)
Detailed explanation-3: -A Recurring Deposit is a facility available to NRIs to convert small monthly savings in to a sizeable amount. It is an excellent savings option for customers in the fixed monthly income groups.
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