Banking products and services

The video tutorial provides an overview of the financial products and services offered by banks, including deposits, loans, and digital banking. It explains different types of deposit accounts such as savings, current, fixed, and recurring deposits, highlighting their features and benefits. The tutorial also covers loans, credit cards, and debit cards, emphasizing their role in fulfilling financial needs. Additionally, it discusses digital banking, investment services, and other banking facilities like foreign exchange and government schemes, showcasing the comprehensive role of banks in managing personal and business finances.

Which type of bank account is ideal for frequent transactions without earning interest?

• Recurring Deposit Account

• Fixed Deposit Account

• Current Account

• Savings Account

What is the main benefit of a fixed deposit account?

• No minimum balance requirement

• Higher interest rates for a fixed term

• Unlimited withdrawals

• Instant access to funds

How does a credit card differ from a debit card?

• Credit cards require immediate payment

• Debit cards offer credit limits

• Debit cards charge interest on purchases

• Credit cards allow borrowing from the bank

What is a key feature of internet banking?

• Limited transaction options

• Higher interest rates on savings

• Online access to bank services

• Access to physical bank branches

Which service allows you to trade stocks through your bank?

• Recurring Deposit

• Fixed Deposit

• DMAT Account

• Savings Account

What service do banks offer for securing valuable items?

• Credit Cards

• Safe Deposit Lockers

• Recurring Deposits

• Internet Banking

How do banks assist with international travel?

• Arranging travel itineraries

• Offering foreign exchange services

• Booking flights

• Providing travel insurance