What is a bank account ?

What is a bank account ?
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Answer :

: One of the main functions of a commercial bank is to collect deposits from the people. The method by which a bank opens and deposits public money is called a bank account. When depositors deposit money, it is credited to them and when they withdraw money, it is deducted from the account.
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Related questions

I want to open a student account in an Islamic bank. What is the maximum amount that can be kept here and what is the maximum amount that can be withdrawn ?

Description : I want to open a student account in an Islamic bank. What is the maximum amount that can be kept here and what is the maximum amount that can be withdrawn ?

Last Answer : According to the policy of Islami Bank, student account is maximum (one lakh rupees can be kept) but you can keep whatever you want. Problems can arise if you keep too much money. Cause: They will ... call this number (18259 or 09611018259) or visit any branch of Islami Bank. Islami Bank's web site

What are the requirements for opening a Dutch Bangla Bank Account ?

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Last Answer : If you have a voter token

How to close a cash account ?

Description : How to close a cash account ?

Last Answer : It is not possible to close or activate the account without SIM. Since the SIM is in your name, pick up the SIM first. It is not possible without SIM.

What is current account ?

Description : What is current account ?

Last Answer : : The account through which the money of the depositor is paid at the request of the depositor is called current account. This account has to be opened by depositing a certain amount of ... current account is more useful for individuals , traders , institutions and industrialists who deal in cash.

What is General Current Account ?

Description : What is General Current Account ?

Last Answer : : General current account refers to the current account. In other words, the account through which the depositors can withdraw money as many times as they like by withdrawing checks whenever they are in the ... risk of cash transactions. As such, the bank does not pay any interest to the depositor.

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Description : What is a recurring account ?

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What is Home Savings Account ?

Description : What is Home Savings Account ?

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Advantages and disadvantages of current deposit account ?

Description : Advantages and disadvantages of current deposit account ?

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How to open online paypal account ?

Description : How to open online paypal account ?

Last Answer : Step 1: To create a PayPal account, first go to paypal.com and SIGNUP . PayPal Account Type Step 2: When Singup Signup is paid , you will be asked to link Debit Card, Credit Card . If ... banks , go to paypal , login and confirm . Once confirmed, your paypal account will be reayed for transactions

How to do online PayPal account registration ?

Description : How to do online PayPal account registration ?

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Description : 2 or 1 time a week can be withdrawn from any account ?

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What type of bank is Sonali Bank ?

Description : What type of bank is Sonali Bank ?

Last Answer : Sonali Bank Commercial Bank.

In which country is single bank common ?

Description : In which country is single bank common ?

Last Answer : Single bank is common in the United States.

Which bank is obsolete in Bangladesh ?

Description : Which bank is obsolete in Bangladesh ?

Last Answer : Single bank is obsolete in Bangladesh.

How is the bank classified ?

Description : How is the bank classified ?

Last Answer : Banks are classified into 9 sections.

What causes bank bankruptcy ?

Description : What causes bank bankruptcy ?

Last Answer : Bank failure is due to lack of financial solvency.

It is impossible to establish a bank in Bangladesh without the approval of any bank ?

Description : It is impossible to establish a bank in Bangladesh without the approval of any bank ?

Last Answer : It is impossible to establish a bank in Bangladesh without the approval of Bangladesh Bank.

What is the minimum number of directors of a bank owned by a public limited company ?

Description : What is the minimum number of directors of a bank owned by a public limited company ?

Last Answer : The minimum number of directors of a bank owned by a public limited company is 6.

Bank interest is not paid on any deposit ?

Description : Bank interest is not paid on any deposit ?

Last Answer : Bank interest is not paid on current deposit.

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Description : What are the objectives of the bank in the context of government and state parties ?

Last Answer : In the context of government and state parties, the objectives of the bank are 5 .

What is the purpose of the bank for the government and the state ?

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Last Answer : In the context of owner and management authority, the bank has 4 objectives.

Which bank in Bangladesh issues banknotes and coins ?

Description : Which bank in Bangladesh issues banknotes and coins ?

Last Answer : Bangladesh Bank of Bangladesh issues notes and coins.

What to do to launch internet banking service of Dutch Bangla Bank ?

Description : What to do to launch internet banking service of Dutch Bangla Bank ?

Last Answer : : In order to use Dutch Bangla Bank's internet service, you need to contact the bank. They will give you a form and if you fill it, they will give you user ID and password. And internet banking of Dutch Bangla Bank is now completely free. You don't have to pay any separate charge.

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Description : What is Central Bank ?

Last Answer : The bank that controls the financial institutions of the country , issues currency in the country and acts as the financial representative and advisor of the government is called the central bank.

What is Scheduled Bank ?

Description : What is Scheduled Bank ?

Last Answer : : All the banks which have a certain limit of authorized capital or have guaranteed to deposit a certain amount of money in the central bank are called scheduled banks of the central bank. At present there are 56 scheduled banks in Bangladesh.

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Description : What is Bank Rate ?

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Description : What is the name of the Central Bank of Turkey ?

Last Answer : Name of the Central Bank of Turkey - Central Bank of the Republic of Turkey.

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Last Answer : Name of the Central Bank of Tunisia - Central Bank of Tunisia.