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    Question

    Which PSU bank was the first to eliminate the Average

    Monthly Balance (AMB) requirement completely?
    A Punjab National Bank Correct Answer Incorrect Answer
    B Indian Bank Correct Answer Incorrect Answer
    C Union Bank of India Correct Answer Incorrect Answer
    D Bank of Baroda Correct Answer Incorrect Answer
    E Canara Bank Correct Answer Incorrect Answer

    Solution

    Canara Bank was the first major PSU bank to completely eliminate the AMB (Average Monthly Balance)requirement. This action reduces banking costs for account holders, especially for rural and low-income users, and promotes financial inclusion.

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