EASY
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What is the main purpose of opening a savings account in a bank?

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Important Questions on Banking

MEDIUM
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Identify the correct statements related to the current account :

i. It is opened by businessmen who have a large number of regular transactions.

ii. It includes deposits, withdrawals, and contra transactions.

iii. In the current account, the amount can be deposited only one time a day.

iv. Generally banks do not give any interest on these deposits.

HARD
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Mohan opened a recurring deposit account in Bank for 5 years and deposited ₹100 every month. If the rate of interest is 6% per annum, then how much amount will he get after 5 years?
HARD
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts

Padmini opened a recurring deposit account in district cooperative bank for 10 years and her monthly installment is ₹100. If on maturity she gets ₹3,025 as interest, then what is the rate of interest per annum?

HARD
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Mahesh deposits ₹300 every month, for three months, in his savings account. Ekta deposits ₹100 every month for three months in her recurring deposit account, depositing a total of ₹300. If the rate of interest per annum in the savings account is 4% and it is 6% in the recurring deposit account, who will get more interest?
EASY
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
What is the minimum amount which is to be compulsory deposited in the banks of town or village?  
HARD
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Mahesh deposits ₹300 every month, for three months, in his savings account. Ekta deposits ₹100 every month for three months in her recurring deposit account, depositing a total of ₹300. If the rate of interest per annum in the savings account is 4% and it is 6% in the recurring deposit account, which one will give more interest?
MEDIUM
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Which among the following is correct about Brown Label ATMs:
HARD
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Karim deposits ₹150 every month for 2 years in his recurring deposit account in State Bank of India. If the rate of interest is 5% per annum then how much money in rupees will be paid to Karim by the bank after 2 years?
HARD
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
David opened a Recurring Deposit Account in a bank and deposited ₹300 per month for two years. If he received ₹7,725 at the time of maturity, find the rate of interest per annum.
HARD
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Karim deposits 150 every month for 2 years in his recurring deposit account in State Bank of India. If the rate of interest is 5% per annum then how much money will be paid to Karim by the bank after 2 years?
HARD
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Padmini opened a recurring deposit account in District Cooperative Bank for ten years and her monthly installment is 100. If on maturity she gets 3025 as interest, what is the rate of interest per annum?
HARD
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Rajat opened a recurring deposit account in a branch of Central Bank of India and deposited 100 every month for 3 years. What rate of interest will yield an interest of 222 on maturity?
MEDIUM
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Mohan has a Recurring Deposit Account in a bank for 2 year at 6% per annum simple interest. If he gets ₹1200 as interest at the time of maturity and the monthly instalment is ₹k then find k.
EASY
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
What are the other accounts that can be opened in bank? Find out.
EASY
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Name the different types of major accounts.
HARD
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Puneet has a Recurring Deposit Account in the Bank of Baroda and deposits ₹140 per month for 4 years. If he gets ₹ 8,092 on maturity, find the rate of interest given by the bank.
HARD
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Reshma opened a recurring deposit account in Punjab National bank for five years and deposits 200 every month. If the rate of interest is 6% per annum then how much money will she get after 5 years?
HARD
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Rohan opened a recurring deposit account in a post-office and deposited 50 every month for 5 years. How much money will he get if the rate of interest is 5% per annum? 
HARD
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Mahesh deposits ₹300 every month, for three months, in his savings account. Ekta deposits ₹100 every month for three months in her recurring deposit account, depositing a total of ₹300. If the rates of interest in both account is 6%, then will there be any difference in the interests amount? If yes, then what is the reason for the difference?
EASY
Mathematics>Arithmetic>Banking>Opening a Bank Account and Type of Accounts
Cotyledons are also called-