GENERAL KNOWLEDGE

GK

BANKING AWARENESS AND SEBI

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Basic Savings Bank Deposit Account (BSBDA) issued by banks is offered to which of the following customers?
A
Farmers
B
Students
C
Self Help Group members
D
All the customers
Explanation: 

Detailed explanation-1: -A BSBDA Account can be opened by any customer who does not have a Savings Account with the bank. However, the customer should also not have a complete KYC.

Detailed explanation-2: -Accounts can be opened by Individuals. Opening of Joint account with operational clause ‘either or Survivor’ etc is also allowed. However number of account holders is restricted to two only.

Detailed explanation-3: -The services available free in the ‘Basic Savings Bank Deposit Account’ will include deposit and withdrawal of cash; receipt / credit of money through electronic payment channels or by means of deposit / collection of cheques at bank branches as well as ATMs.

Detailed explanation-4: -Available at all branches. Minimum balance amount Nil. Maximum balance /amount No upper limit. No Cheque Book facility available. Withdrawals only using withdrawal form at Branches or through ATMs. Basic Rupay ATM-cum-debit card will be issued. 09-Feb-2022

There is 1 question to complete.