Which of the following statement is incorrect regarding Basic Saving Bank Deposit Account BSBDA ........

Download Solution PDF

Which of the following statement is incorrect regarding Basic Saving Bank Deposit Account(BSBDA)?

Total credits in such accounts should not exceed one lakh rupees in a year

Maximum balance in the account should not exceed sixty thousand rupees at any time

The total of debits by way of cash withdrawals and transfers will not exceed ten thousand rupees in a month.

Banks should offer the ATM Debit Cards free of charge

छोटे Courses बड़े Results

Master

Prepare through Micro-courses

Try Now

Explanation:

Total credits in such accounts should not exceed one lakh rupees in a year.Maximum balance in the account should not exceed fifty thousand rupees at any timeThe total of debits by way of cash withdrawals and transfers will not exceed ten thousand rupees in a month.Banks should offer the ATM Debit Cards free of charge and no Annual fee should be levied on such Cards..