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| Mentor for Bank Exams |
Welcome to Mentor for Bank Exams. Here I am presenting 20 Questions Related with Basic Saving Bank Deposit Account (BSBDA) which are helpful for upcoming bank exams like SBI PO, IBPS PO etc., Kindly make use of these!!!
1) Fullform of BSBDA ?
Answer: Basic Saving Bank Deposit Account
2) Aim of Introducing BSBDA ?
Answer: Financial Inclusion
3) No of Withdrawals free of charge
through ATM's in BSBDA ?
Answer: 4 Withdrawals
4) Total Credits should not exceed in
BSBDA?
Answer: 1,00,000 Rs ( in a year)
5) Maximum balance should not exceed in
Account ?
Answer: 50,000 Rs (at any time)
6) Total Debits of cash withdrawal or
transfer should not exceed in a month ?
Answer: 10,000 Rs
7) Validity of Basic Saving Bank
Deposit Account?
Answer: 12 months (later extended by another 12 months
after providing proof of Officially Valid Document by a person)
8) Other Names of BSBDA ?
Answer: Small Accounts and Zero Balance Account
9) Foreign Remittances cannot be
Credited to BSBDA without___
Answer: Completing Normal KYC Formalities
10) Guidelines issued by RBI for BSBDA
on which date?
Answer: August 10, 2012
11) In Basic Saving Bank Deposit
Account___
Answer: One can have Term/Fixed Deposit, Recurring
Deposits etc accounts in the bank
12) Limit on the number no of deposits
in BSBDA
Answer: There is no limit on the number no of deposits
in BSBDA
13) If a customer has any other
existing savings bank deposit account in that bank, he/she will be required to
close it within____
Answer: 30 days from the date of opening a ‘Basic
Savings Bank Deposit Account’.
14) Previously BSBDA was known as?
Answer: No Frill Accounts
15) Whether Foreign Banks in India are
also required to open BSBDA for customers?
Answer: BSBDA is applicable to all
scheduled commercial banks in India including foreign banks having branches in
India.
16) Whether passbooks are also to be
offered free to BSBDA holders?
Answer: Yes. BSBDA holders should be
offered passbook facility free of charge.
17) If a customer of BSBDA agrees not
to have ATM Debit card should the bank give ATM debit card by force?
Answer: ATM debit cards may be offered
at the time of opening BSBDA and issued if the customer requests for the same
in writing. Banks need not force ATM debit cards on such customers.
18) Whether balance enquiry in ATMs
also should be counted within the four withdrawals permitted under BSBDA?
Answer: Balance enquiry through ATMs
should not be counted in the four withdrawals allowed free of charge at ATMs.
19) Is there requirement of any initial
minimum deposit while opening a BSBDA?
Answer: There is no requirement for any
initial deposit for opening a BSBDA.
20) Are the banks free to levy annual
ATM debit card charges?
Answer: Banks should offer the ATM
debit cards free of charge and no annual fee should be levied on such cards.
