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What is/are the aim(s) of introducing Basic Savings Bank Deposit Account (BSBDA)?

(i) The aim of introducing Basic Savings Bank Deposit Account is very much part of the efforts of RBI for furthering Financial Inclusion objectives.
(ii) The aim of the Basic Savings Bank Deposit Account is to increase the number of savings accounts and reducing the number of current accounts.
(iii) The main aim of Basic Savings Bank Deposit Account is to bring more and more money to the banks.

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