CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank launched ‘Insta Click Savings Account’, a 100% paperless digital self-assisted online savings account?
A
SBI
B
Bank of Baroda
C
IDFC
D
HDFC
Explanation: 

Detailed explanation-1: -Bank of Baroda rolls out ‘Insta Click Savings Account’

Detailed explanation-2: -The Nomination Facility is available within the Yono by SBI app and is mandatory for Insta Savings Account. Nomination can be made in favour of only one nominee. A basic Rupay Debit Card will be issued. Passbook will not be provided in the account.

Detailed explanation-3: -Bank of Baroda Launched ‘Insta Click Savings Account’, 100% Paperless Digital Self-Assisted Online Savings Account.

Detailed explanation-4: -Bank of Baroda’s Insta Saving Account is a zero balance account without any minimum balance commitment. It is a zero-interest account. You don’t receive any interest on your deposits before completing the full KYC account.

Detailed explanation-5: -A digital savings account is the next-generation upgrade for all our banking requirements. A digital savings account allows the customer to open, manage, and transact through their accounts, from the comfort and safety of their homes, which is highly paramount in the current COVID-19 scenario.

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