MC22 Which of the following is a type of bank account that is meant for individuals who do not have a permanent address?
A. Current account
B. Savings account
C. Fixed deposit account
D. Basic Savings Bank Deposit Account (BSBDA)
Answer:D
MC22 Which of the following is a type of bank account that is meant for individuals who do not have a permanent address?
A. Current account B. Savings account C. Fixed deposit account D. Basic Savings Bank Deposit Account (BSBDA)
Explanation: Basic Savings Bank Deposit Account (BSBDA) is a type of bank account that is meant for individuals who do not have a permanent address. It is a no-frills account that can be opened with minimum documentation and no minimum balance requirement.