Difference b/w current and saving acc Why banking What is repo rate Services of banking Basic banking questions

Question

Accepted Answer

The difference between current and savings accounts, importance of banking, repo rate, services offered by banks, and basic banking questions.

Current accounts are primarily used for business transactions, while savings accounts are for personal savings.
Banking is important for individuals and businesses to manage their finances, make transactions, and access various financial services.
Repo rate is the rate at which the central bank lends money to commercial banks.
Services offered by banks include deposit accounts, loans, credit cards, online banking, and investment options.
Basic banking questions may include understanding account types, interest rates, fees, and banking procedures.

Accepted Answer

Current accounts are designed for routine transactions of businesses and companies, whereas savings accounts are for people who desire to save. Interest rates in Savings Accounts are higher than those in current accounts.

Accepted Answer

Repo rates decided by rbi no reflected current and saving account

Accepted Answer

Customer service

Accepted Answer

Good service customer service

Accepted Answer

The difference between current and savings accounts, importance of banking, repo rate, services offered by banks, and basic banking questions.

Current accounts are primarily used for business transactions, while savings accounts are for personal savings.

Banking is important for individuals and businesses to manage their finances, make transactions, and access various financial services.

Repo rate is the rate at which the central bank lends money to commercial banks.

Services offered by banks include deposit accounts, loans, credit cards, online banking, and investment options.

Basic banking questions may include understanding account types, interest rates, fees, and banking procedures.

Accepted Answer

The difference between current and savings accounts, importance of banking, repo rate, services offered by banks, and basic banking questions.

Current accounts are primarily used for business transactions, while savings accounts are for personal savings.

Banking is important for individuals and businesses to manage their finances, make transactions, and access various financial services.

Repo rate is the rate at which the central bank lends money to commercial banks.

Services offered by banks include deposit accounts, loans, credit cards, online banking, and investment options.

Basic banking questions may include understanding account types, interest rates, fees, and banking procedures.

Accepted Answer

Customer best business proof is current account details. created officer checking customer eligibility loan. Easy and best type of method. Customer convenience total eligibility.

Accepted Answer

In saving a/c limited transaction done by the customer's and getting some interest by the bank, but in current a/c unlimited transactions done by the customer's and there are no interest provided by the bank.

Difference b/w current and saving acc Why banking What is repo rate Services of banking Basic banking questions

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