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

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.

Question

What is “Non-Interest Income” of banks?

A Income earned from social services

B Income earned by keeping assets with the RBI

C Income earned by investing in derivatives

D Income derived from fee-based services

E None of these

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What is “Non-Interest Income” of banks?

Solution