Opening a Bank Account and Type of Accounts

Which type of account is a non-interest banking account?
 

What is meant by fixed deposit account?

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.

What is true in case of opening of an recurring deposit account in a bank?

Which type of bank account is opened by businessmen who have a large number of regular transactions with the Bank?

Which type of account is opened by by the persons who have a fixed regular income?

For which type of bank account banks provide a higher rate of interest for the investors than the regular saving account?

In context with the Fixed Deposit account, consider the following statements.

$1$. It is a one time deposit and one time take away account.

$2$. It attracts no rate of interest.

$3$. The amount deposited in FD account can only be withdrawn all at once and not in instalments.

$4$. Full repayment of the amount is available before the maturity date of FD.

Which among the statement is/ are in correct?

The full form of FDA is _____ account.

Overdraft facility is available for _____ type of bank account.

The main benefit of opening a savings bank account is:

The amount that are deposited under the saving bank accounts are not safe.

Ramesh purchased a bicycle for $₹15000$ and he sold it for $₹16500$. The amount he saved after selling a bicycle has deposited in the bank. Find the amount that he has saved?

Priya deposited $rupees 800$ per month for $36 months$ in Union bank's recurring deposit account. If the Union bank pays interest at the rate of $10\%$ per annum, find the amount she gets on maturity of her deposited amount after $36 months$.

Ritika opened a recurring deposit account in Punjab Bank for a period of $3 years$.If the bank pays interest at the rate of $8\%$$per annum$and the monthly installment is$rupees 2000$ , find the:
(i) Interest earned in $3 years$
(ii) Matured Amount

Rohan has a recurring deposit account in a Rural(Grameen) bank. He deposits $rupees 3000$  per month for $2 years$.If he gets $rupees 80,000$ at the time of maturity. Find the rate of interest he will get after $2 years$ .

Savita opened a recurring deposit account with a Nationalised Bank for a period of three years. If the bank pays interest at the rate of $5\%$ per annum and the monthly instalment is $\mathrm{Rs}. 2000$. Find the interest earned in three years.

Kavita opened a recurring deposit account with a Nationalised Bank for a period of two years. If the bank pays interest at the rate of $5\%$ per annum and the monthly instalment is $\mathrm{Rs}. 2000$. Find the interest earned in two years.

A recurring deposit account of $\mathrm{Rs}.1,000$per month has a maturity value of $\mathrm{Rs}.12,000.$ If the rate of interest is $8\%$ and the interest is calculated at the end of every month; find the time (in months) of this Recurring Deposit Account.

Each of $\mathrm{A}$ and $\mathrm{B}$ both opened recurring deposit accounts in a bank. If $\mathrm{A}$deposited $\mathrm{Rs}.1,200$ per month for $3$ years and $\mathrm{B}$ deposited $\mathrm{Rs}.1500$ per month for $2\frac{1}{2}$ years; find, on maturity, who will get more amount and by how much$?$ The rate of interest paid by the bank is $10\%$ per annum.