Basic of Banking

RD account is short form for

• Fixed deposit account

• Recurring deposit account

What kind of bank account is used by business owners?

• Current account

• Savings account

• Recurring deposit account

• Fixed deposit account

What can you use to withdraw cash from an ATM?

• Credit card

• Debit card

• Passbook

Choose the correct way to write the amount on the cheque. (Note: the word ‘Rupees’ is already included in cheques.)

• Two Thousand Rupees

• Two Thousand Only

You get a call on your phone. A person tells you that they are calling you from the bank. They ask you to share your debit card PIN with them. What must you do?

• Tell the person that you will not share the PIN with them

• Share the PIN with the person