CURRENT AFFAIRS

2020

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The State Bank of India has relaunched ‘SBI Insta Saving Bank Account’, an Aadhaar-based instant digital savings account for customers using the Yono platform. Who is the current chairman of SBI?

A	Anshula Kant
B	Arundhati Bhattacharya
C	Rajnish Kumar
D	Hardayal Prasad

Explanation:

Detailed explanation-1: -Please note that an Insta Plus account is a full KYC account, which has all the features of a regular savings account, except that there is no cheque book facility in it. You can convert an Insta Plus account into a regular account by contacting your home branch.

Detailed explanation-2: -Paperless account opening and no branch visit needed. Only Aadhaar details & PAN(Physical) required. Customer will be able to transfer funds using NEFT, IMPS, UPI etc. through YONO app or Online SBI i.e. Internet Banking.

Detailed explanation-3: -Dear Sir, you may convert your Insta Account to Regular Savings Account by visiting your home branch. Please note that, Insta Accounts are valid for one year only.

Detailed explanation-4: -Eligibility. Customer should not have any existing relationship with SBI. Customer must be having a valid Aadhaar number and valid Permanent Account Number. In case Customer’s name as reflected in Aadhaar is different from that as reflected on the PAN Card, the details as per Aadhaar will be taken on record.

There is 1 question to complete.