Types of Bank Deposits

This account can be opened by any individual above 18 years old, who do not have Officially Valid KYC documents

• basic saving bank deposit small account

• basic saving bank account

• saving account for minors

• saving bank account

maximum amount that can maintained in basic saving bank deposit small account is

• 10,000

• 30,000

• 5000

• 50,000

minor above 10yrs can open and operate saving bank account independently

• true

• false

Minimum balance in a current account

• It depends on the type of current account holder

• 5000

• 10000

• every bank has its own conditions

Current account is also called as time deposit

• true

• false

bank determines the interest on fixed deposit based on the period of deposits

• true

• false

In case of fixed deposit , withdrawal before the maturity doesn't have penal charges

• true

• false

Is nomination available in recurring deposit

• yes

• no

• may be

NRO account is maintained in INR

• True

• False

Interest income earned on the amount in NRO account is not liable for TDS

• true

• false