Question
Which of the following is not true about BSBDA
account.Solution
The Basic Savings Bank Deposit Account or BSBDA is a Savings Account that does not have a minimum balance. In contrast, a BSBDA has a maximum account balance that has to be maintained. The BSBDA holder will get an ATM cum Debit Card as a part of the account opening formalities. The holder will also get passbook services for free and not be charged for a non-operative account. The bank allows a certain number of deposits and withdrawals in the month that are free of cost.
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