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प्रश्न
Explain the following term/concept:
Recurring deposits
उत्तर
Under Recurring deposit account, depositor is required to deposit with the bank a fixed sum of money every month for 12, 24, or 60 months. To encourage saving habit among the people bank allows depositors to open this account. 0n maturity, depositor gets the total amount deposited plus interest accrued on it. Pass book is issued to the depositor. E-statement is issued to the depositor only on demand.
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संबंधित प्रश्न
Write a word or a term or a phase which can substitute the following statement:
A slip used for depositing cash and cheque in the Bank account.
Write a word or a term or a phase which can substitute the following statement:
The account which is generally opened by business organization.
State whether the following statement is true or false :
Joint Stock Company opens Current Account.
State whether the following statement is true or false :
Bank correspondence should be brief and to the point.
Find the odd one:
Find the odd one:
Complete the sentence:
A financial institution which receives deposits and lends money is called as __________
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| Overdraft | __________ |
Answer in one sentence:
What is a Letter of Credit?
Attempt the following:
Write a letter requesting the bank to issue a letter of credit.
Attempt the following:
Write a letter to bank for opening a current account
Justify the following statement:
Overdraft facility is given only to current depositors?
Explain the different types of deposits
Distinguish between the following:
Fixed deposit account and recurring deposit account
Explain the following term/concept:
Cash Credit.
Correct the underlined word and rewrite the following sentence:
Businessman opens Fixed Deposit Account.
Choose the Correct Answer.
Bankers are not only dealers of money but also leaders in ______
Write the meaning of ‘Bank.’
