BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Age
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Income
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Amount
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None of these
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Detailed explanation-1: -No. Banks are advised not to impose restrictions like age and income criteria of the individual for opening BSBDA. 8. Is the ‘Basic Savings Bank Deposit Account’ a part of furthering the Financial Inclusion objectives of banks?
Detailed explanation-2: -All transactions and deposits in the account are free of cost. If the balance exceeds INR 50, 000 or total credit in the account exceeds INR 1, 00, 000 in a year, no further transaction will be permitted until the full KYC procedure is completed. Maximum 4 withdrawals in a month are allowed.
Detailed explanation-3: -Account can be opened by individuals who can open regular savings bank accounts. Customer to give declaration that he/she is not maintaining any BSBDA A/c with other banks while opening the account. 4 per month FREE (including branch, own ATM &other ATM).
Detailed explanation-4: -You may open a new one. An individual is allowed to open only one BSBDA in a bank. If someone holds a regular savings account, it has to be closed within 30 days from opening of the BSBDA, else the bank closes it on its own after 30 days.
Detailed explanation-5: -Political parties These Institutions / Organisations are specifically excluded from opening SB Accounts with Banks and earn interest thereon and hence branches are prohibited from opening such Accounts.