ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Central Bank lets you open a variety of checking or savings accounts online. It only takes minutes, and all you need to have handy are four or five pieces of information plus the minimum deposit required for some accounts. So get started by finding the perfect account for you below.

Detailed explanation-2: -You can be denied a bank account for suspected fraud, a closed account with a negative balance, too many returned checks, excessive overdrafts, or too many inquiries. If you’re denied, you can review your reports and look into second-chance accounts.

Detailed explanation-3: -This Account is a withdrawable deposit account that members use as a transaction account and can also be used for savings purposes. The account caters for members’ regular transactions like salaries and loans disbursmsent; cash and cheque deposits; electronic funds transfers; standing orders etc.

Detailed explanation-4: -Political parties These Institutions / Organisations are specifically excluded from opening SB Accounts with Banks and earn interest thereon and hence branches are prohibited from opening such Accounts. 3.