BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is a form of “Small Savings Bank” popular among the poor or children?
A
Core Banking
B
Credit Banking
C
Debit Card
D
Piggy Banking
Explanation: 

Detailed explanation-1: -ICICI Bank, which is one of the leading private banks of India, also offers Savings Account for Minor that helps children learn important money-saving skills at an early age.

Detailed explanation-2: -A community bank is a depository or lending institution that primarily serves businesses and individuals in a small geographic area.

Detailed explanation-3: -The options include traditional savings accounts, high-yield savings accounts, money market accounts, certificates of deposit, cash management accounts and specialty savings accounts.

Detailed explanation-4: -While there are several different types of savings accounts, the three most common are the deposit account, the money market account, and the certificate of deposit.

There is 1 question to complete.