Question
RBI asked banks to open BSBDA (Basic Savings Bank
Deposit Account) a part of the Financial Inclusion plan. How many BSDBA accounts one can open with a bank?Solution
An individual is eligible to have only one 'Basic Savings Bank Deposit Account' in one bank. The services available free in the 'Basic Savings Bank Deposit Account’ will include deposit and withdrawal of cash; receipt / credit of money through electronic payment channels or by means of deposit / collection of cheques at bank branches as well as ATMs. There is no requirement for any initial deposit for opening a BSBDA.
An amount of Rs. (y-2800) was invested on simple interest at the rate of (R+1)% per annum for 6 years. An another amount of Rs. (y+3200) was invested on...
A sum when invested at simple interest of 5% p.a. amounts to Rs. 18,000 after 4 years. If the same sum was invested at simple interest of 12% p.a. for ...
In what time will Rs. 45000, at 4% per annum, produce the same interest at Rs.18000 does in 5 years at 8% simple interest?
Rs. 2800 when invested at 8% p.a. for (x + 5) years gives a simple interest of Rs. 4480. Find the amount received when the same sum is invested at 5% p....
Suresh earned an interest of Rs. 1677 on principal amount of Rs. 5200 at some rate of compound interest in 2 years. How much more/less interest would he...
If the simple interest on a certain sum of money for 15 months at 3(1/2)% per annum exceeds the simple interest on the same sum for 9 months at 2(1/2)% ...
A man invested certain sum at 8% p.a. simple interest for his son who was 16 years old. If the amount received by the son when he was 25 years old is Rs...
"Zampa invested Rs.__________ in an SBI Contra fund with a 20% annual compound interest, compounded annually. At the end of each year, the bank deducts ...
A sum of Rs 12,000 becomes Rs 15,600 in 3 years at simple interest. Find the rate of interest per annum.
Rs. (2x + 400) is invested at a rate of 20% per annum, yielding an interest of Rs. 3200 after 4 years. Calculate the interest earned when Rs. (x + 100) ...
Relevant for Exams:
