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Question
Opening the savings bank account of a minor girl will be called as which of the following in banking terminology?
Opening the savings bank account of a minor girl will be called as which of the following in banking terminology?
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Solution
The correct option is A Retail Banking
Retail banking, also known as consumer banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking.Hence saving the bank of a minor girl under the retail banking.
Retail banking, also known as consumer banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking.
Hence saving the bank of a minor girl under the retail banking.
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