CURRENT AFFAIRS

2023

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

Detailed explanation-1: -Bank of Baroda (BoB) on Wednesday said it has launched ‘Insta Click Savings Account’, a 100 per cent paperless digital self-assisted online 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: -The HDFC Bank InstaAccount is a first of its kind, an entirely digitised journey that offers you the option to open an account of your choice. You can not only choose the account type from multiple available options but also get your new account number almost instantly.

Detailed explanation-4: -This is the most basic type of account you can open at any bank. A Savings Account, by definition, allows you to deposit your money, safe with the bank, so you don’t have to carry it around with you or hide it in that rusted old steel safe at home. Don’t worry, you can withdraw these funds when you need them.

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