Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above
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A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.
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Description : What is the interest rate on savings deposit ?

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Which banks are offering the best high interest savings accounts at this time?

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Last Answer : According to Bankrate.com the best savings account interest rates are currently at Capitol One Direct, Discover Bank and Ally.com. The best rates are now at internet based banks, but so long as they're FDIC insured that shouldn't worry you too much.

What banks offer High Interest Rate Savings Accounts?

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What banks offer online savings accounts with high interest payouts?

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Is there a website that tracks interest rates paid on online savings accounts offered by various banks?

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Last Answer : Yes, Bankrate.com tracks interest rates on savings accounts offered by many different banks. The website also offers convenient searching features to help you find an appropriate financial product or account.

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Last Answer : d) All the above

Ruling on depositing money in Al-Baraka Islami Bank ? I manage a few accounts of a company. The company has accounts in several interest bearing banks. Note that account holders only open current accounts and do not charge interest. Isn't it better to keep all these lazy money in an Islamic bank lik

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Description : Which of the following service(s) is/are available in small finance banks? A. Providing loans B. Acceptance of deposits C. Setting up of Subsidiaries D. Both (A) and (B) E. None of the Above

Last Answer : D. Both (A) and (B) Explanation: Banks with a small finance bank license can provide basic banking service of acceptance of deposits and lending.

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Last Answer : e) All the above

Mark the correct option a) The MIS account can be close after expiry of one year. b) The MIS account closed after one year but before three year 2 % deduction will be made on initial deposit c) The MIS account closed after expiry of three year 1% deduction will be made . on the initial deposit d) In case of death of the depositor before maturity account may be closed and deposit refunded along with interest up to the month preceding the month in which refund made. e) All the above

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Last Answer : e) All the above

What is the best savings account offered by online banks?

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Last Answer : The "best" is subjective and will depend on the features that you are looking for in a bank. Personally, First Command Bank is an awesome bank with a high interest money market savings account. American Express Bank currently has a 1.3% interest rate for their savings accounts.

Which banks offer the best savings account rates?

Description : Which banks offer the best savings account rates?

Last Answer : You will find the best rates for savings with an online account. THe larger your deposit the better your rate will be,try Netbank.

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Description : Which of the following is/are not eligible to issue Certificates of deposit(CD)? A. RRBs B. Co-operative banks C. Scheduled banks D. Both (A) and (B) E. None of the Above

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An EEFC account can be held only in the form of a ________ A. Current Account B. Savings Bank Account C. loan Account D. All of the Above E. None of the Above

Description : An EEFC account can be held only in the form of a ________ A. Current Account B. Savings Bank Account C. loan Account D. All of the Above E. None of the Above

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Last Answer : e) All the above

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Description : When an account opened in contravention of rules a) The account should be closed b) The deposit made in the account refunded to the depositor without interest c) Both A and B d) None of these

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Description : Which of the following is not a measure of the Risk Management in Banks? A. CRR B. RTGS C. SLR D. Deposit Insurance

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