Bank 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.

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 The amount deposited in FD account can only be withdrawn all at once and not in instalments.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

Full repayment of the amount is not available before the maturity date of FD.

The full form of FDA is _____ account.

Overdraft facility is available for _____ type of bank account.

The type of account used for commercial purpose is current account.

In context with the current account, consider the following statements.

$1$.It is used for commercial purposes.

$2$. It attracts no rate of interest.

$3$. The bank generally charge a maintenance on such accounts

$4$. There are no limits on transactions.

Which among the statement is/ are correct?

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?

Chetan deposited $₹60,000$ in a fixed deposit account for $2$ years at $20\%$ per annum, interest being compounded annually. At the end of the $2^{\mathrm{nd}}$ year, he withdrew a certain amount. Chetan deposited the remaining amount for another one year at the same rate of interest. At the end of the third year, his account balance was $₹46,080$. Find the amount that he withdrew (in $₹$). 

According to RBI, which one of the following is the biggest concern of the country?

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?

If Kishan opens a recurring deposit account in some bank branch for three years and deposits a monthly instalment of $₹250$, then how much money $\left(\mathrm{in} ₹\right)$ will he get if the rate of interest is $5\%$ per annum?

Padmini opened a recurring deposit account in District Cooperative Bank for ten years and her monthly instalment is $₹100$. If on maturity she gets $₹3025$ as interest, what is the rate of interest per annum $\left(\mathrm{in} \%\right)$?

Rohan opened a recurring deposit account in a post-office and deposited $₹50$ every month for $5$ years. How much money $\left(\mathrm{in} ₹\right)$ will he get if the rate of interest is $5\%$ per annum?