RB 1

Which of the following statements is true in the context of savings accounts

• Interest calculated on daily basis and paid Quarterly

• Interest calculated on quarterly basis and paid quarterly

• Interest calculated on half yearly basis and paid at the end of financial year

• Interest is calculated n monthly basis and paid quarterly

Which of the following is not eligible to open a savings account?

• Ritu , she is visually Disabled

• Rishav, owner of a grocery shop

• Raman, an NRI

• Sun Shine Pvt Ltd.

Which of the following are the key talking points while pitching savings account for senior citizens?

• 1% higher interest on FD, 20% locker rental waiver for 1st yr, free sms alert facility, lifetime free engage debit card

• 0.5% higher interest on FD, 30% locker rental waiver for 1st yr, free sms alert facility, lifetime free element debit card

• 0.25% higher interest on FD, 30% locker rental waiver for 1st yr, no annual charges for debit card  for 1st year

• 1% higher interest on FD, 20%discount on Demat Account AMC for 1st year, free sms alert facility

Which of the following forms is used for adding a nominee in savings account?

• DA4

• DA3

• DA2

• DA1

Can a minor be appointed as a nominee in a savings account?

• Yes, minor can be appointed as a nominee alone

• Yes, with another individual who is not a minor

• Yes, minor above the age of 10 may be appointed

• Not allowed

Which of the following forms is used for changing a nominee in savings account?

• DA3

• DA2

• DA1

• DA4

What is the full form of BSBDA?

• Basic Saving and Bank Demand Account

• Broad Saving and Bank Deposit Account

• Basic Savings Bank Deposit Account

• Basic Saving and Bank Deposit Access

What are the savings account variants that are opened under Financial Inclusion initiative?

• Savings Value

• Farmer Account

• BSBDA/PMJDY

• My First Savings Account

How many nominees can be appointed in a joint savings account?

• One person only

• Maximum two

• Maximum four

• No restrictions

Average Monthly Balance Requirement for women savings account is ____ Rupees.

• 25000

• 30000

• 10000

• 15000