BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Illiterate customer
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Dormant customer
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In operative customer
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Minor above 15 years
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Detailed explanation-1: -Eligibility. PehlaKadam : Minor of any age. This account will be jointly opened with the parent/guardian. PehliUdaan : Minors above the age of 10 years and who can sign uniformly.
Detailed explanation-2: -Top-pick children’s bank accounts MyAccount (11-17): Comes with a contactless debit card but pays no interest. MySavings (7-17): Can only be managed online, but pays the top interest rate of 3.75%. 0-12: Apply in branch, parent or guardian must hold Santander current account. 13-17: Must apply online.
Detailed explanation-3: -Any person below the age of 18 years is considered a minor. These days, many banks offer the facility of opening accounts, often called ‘minor’ accounts, specifically designed for children.
Detailed explanation-4: -An account for minors, 0-18 years of age. Theme-based RuPay Baroda Champ Debit Card issuance available to applicant individually above 10 years of age.