types of banks

Question 1

types of deposits

Answer 1

1. demand deposit 2. term deposit

Question 2

demand deposit?

Answer 2

current and saving ac.

Question 3

term deposit?

Answer 3

recurring and fixed ac.

Question 4

what is saving bank ac. ?

Answer 4

can be open with minimum initial deposit
money can be deposit at anytime

Question 5

types of saving ac.

Answer 5

basic saving bank deposit ac. (BSBDA)
basic saving bank deposit ac small scheme (BSBDS)

Question 6

BSBDA is AKA

Answer 6

no frills ac. 2005 AND zero balance ac

Question 7

when was BSBDA renamed

Answer 7

2012

Question 8

which yojana was linked to BSBDA and when

Answer 8

Pradhan mantri jandhan yojana in 2014

Question 9

what are KYC documents?

Answer 9

know your customer

Question 10

how to open a BSBDS Ac.

Answer 10

sled arrested photograph, putting signature or thumb print in the presence of an official bank.

Question 10

a limited no. of transactions is available otherwise extra charges will be there ; in BSBDA. (true or faule)

Answer 10

true

Question 10

what is BSBDS

Answer 10

it is a small ac. for those Ppl who do not have any KYC documents

Question 10

how long are small accounts valid for

Answer 10

12 months

Question 11

what is remittance

Answer 11

money from foreign

Question 12

in which ac it is not compulsory to maintain a minimum balance

Answer 12

BSBDA

Question 13

what all cards will be given under BSBDA

Answer 13

atm card, atm cum debit card, repay card

Question 14

without KYC the remittances can be credited to small ac. (true or false)

Answer 14

false,

Question 15

what is the current deposit ac.

Answer 15

ac. where withdrawal can be made any no. of times

Question 16

which facility is provided to only a current ac holder

Answer 16

overdrarft facility

Question 17

what is the difference b/w loan and advance

Answer 17

loan is for both long and short term. advance is for only the short term. loan is provided after the need, advance is provided before the need

Question 18

objective of saving and currrent ac

Answer 18

S- to encourage saving of a person
C-to support regular and frequent transection

Question 19

opening balance for saving and current ac.

Answer 19

S- less amount is required to open
C- high amount

Question 20

what is term deposit

Answer 20

that cannot be withdrawn before a set date, or for which the notice of withdrawal is required

Question 21

fixed deposit

Answer 21

cash should remain within ac for a certain period, not transferable.

Question 22

recurring deposit

Answer 22

a specific amount is deposited every month for a specific period