BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of these accounts can be opened in a Payment Bank?
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Savings Account
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Current Account
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Both A and B
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None
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Explanation:
Detailed explanation-1: -Notes: Both current account and savings accounts can be opened in a Payment Bank.
Detailed explanation-2: -Both current account and savings accounts can be operated by such banks. Payments banks can issue ATM cards or debit cards and provide online or mobile banking.
Detailed explanation-3: -Some allow you to spend or pay bills, while others are designed for short-or long-term savings. The most common types of bank accounts include: Checking accounts. Savings accounts.
Detailed explanation-4: -While there’s no limit to how many Savings Accounts you can have, there are a few things to consider before signing up for more than one.
There is 1 question to complete.