2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Yes Bank
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Fino Payments Bank
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Federal Bank
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ICICI Bank
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Detailed explanation-1: -New Delhi: Fino Payments Bank Limited on Monday announced the launch of a savings account scheme for minors aged between 10-18 years. Bhavishya, a subscription-based savings account, can be opened by paying a nominal amount.
Detailed explanation-2: -HDFC might be one of the best banks for students in India as it provides zero-balance savings accounts with a RuPay debit card or an international debit card. Key features of the HDFC Zero Balance Account include, Phone banking is IVR-based and is hassle-free.
Detailed explanation-3: -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.