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Question
To which category of customers do the banks in India offer a ‘Basic Savings Bank Deposit Account’ with minimum common facilities?
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Solution
The correct option is E All customers
According to a notification issued by the Reserve Bank of India in August 2012, banks were advised to offer a ‘Basic Savings Bank Deposit Account’ with minimum common facilities to all their customers.
The decision was taken in accordance with focus on increasing access to banking under financial inclusion.
According to a notification issued by the Reserve Bank of India in August 2012, banks were advised to offer a ‘Basic Savings Bank Deposit Account’ with minimum common facilities to all their customers.
The decision was taken in accordance with focus on increasing access to banking under financial inclusion.
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