Answer-What is “Non-Interest Income” of banks?

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What is “Non-Interest Income” of banks?

Question

What is “Non-Interest Income” of banks?

A Income earned from social services Correct Answer Incorrect Answer

B Income earned by keeping assets with the RBI Correct Answer Incorrect Answer

C Income earned by investing in derivatives Correct Answer Incorrect Answer

D Income derived from fee-based services Correct Answer Incorrect Answer

E None of these Correct Answer Incorrect Answer

Solution

Non-interest income is bank and creditor income derived primarily from fees including deposit and transaction fees, insufficient funds (NSF) fees, annual fees, monthly account service charges, inactivity fees, check and deposit slip fees, and so on.

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