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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.
With reference to the Financial Inclusion Index, consider the following statements:
I.It was developed by the RBI in 2020, without any ‘base ye...
How do NBFCs contribute to the economic development of the country?
What is the main function of Clearing Corporation of India Limited?
The Balance of Payments of a country is a systematic record of
Demand for a commodity refers to?
Which of the following services are provided at Sahaj Jan Seva Kendra under the flagship of NeGP of the Government of India?
1. Banking and Finan...
Which one of the following measures is not likely to aid in improving India’s Balance of Payment position?
The term “Money Supply” relates to:
Which of the following Organisation collaborated with the Ministry of MSME and Energy Efficiency Services Ltd to Implement Energy efficiency Project in ...
Which of the parameters given below are used by World Economic Forum to calculate Global Gender Gap Index:
I.Economic Participation and Opportuni...