Expected Banking Awareness Questions – Basic Savings Bank Deposit Account (BSBDA)

Hello and welcome to exampundit. Today we are sharing the Expected Banking Awareness Questions on Basic Savings Bank Deposit Account (BSBDA). The Basic Savings Bank Deposit Account (BSBDA) has been in news recently since RBI launched TV ad campaign for the same.

Basic Savings Bank Deposit Account

Expected Banking Awareness Questions – Basic Savings Bank Deposit Account (BSBDA)

  1. Total credits in BSBDA accounts should not exceed how much a year? – ₹ One lakh
  2. At any point of time, maximum balance in the Basic Savings Bank Deposit Account should not exceed _______. – ₹50,000
  3. In the BSBDA account, total of debits by way of cash withdrawals and transfers will not exceed what amount in a month? – ₹10,000
  4. How many BSBDA accounts can an individual have in one bank? – One
  5. While opening the BSBDA customers’ consent in writing be obtained that his existing non-BSBDA Savings Banks accounts will be closed after how many days? – 30 days
  6. The prime purpose of BSBDA Account is ______. – Financial Inclusion
  7. What does BSBDA stands for? – Basic Savings Bank Deposit Account
  8. Which account did BSDBA replaced? – No Frills Account
  9. What is the validity of BSBDA small accounts? – 12 Months
  10. What is the minimum initial deposit amount for Basic Savings Bank Deposit Account? – No minimum amount
  11. For which of the following banking product did RBI recently launch a TV ad campaign? – Basic Savings Bank Deposit Account
  12. The people with no valid KYC documents can open which account? – Basic Savings Bank Deposit Account – Small Account
  13. What is the interest rate in Basic Savings Bank Deposit Account? – Same as Savings Account
  14. Which of the following services cannot be availed in BSBDA-Small Account? – Foreign Remittance (The options can be, Internet Banking, Fixed Deposit, Recurring Deposit, these are available, except Foreign Remittance)
Also Read:  Weekly GK/GA Expected Questions from Current Affairs - April 2018

Read the Basic Savings Bank Deposit Account (BSBDA) article from here.

Get all the Expected Banking Awareness Questions from here.

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Team Exampundit