Examveda
Examveda

Which of the following statement/s is/are true about Basic Savings Bank Deposit Account?

A. This is special type of bank account only Micro finance institutes can open

B. Only BPLs and self-help groups can apply for it

C. They get higher interest rate than (regular) savings account

D. It was earlier called "No frills account"

Answer: Option D


This Question Belongs to Commerce >> Banking And Financial Institutions

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