Banking Awareness Set 1

The following questions are based on Basic Savings Bank Deposit Account (BSBDA).

  1. What is D in BSBDA?
    A) Debit
    B) Dual
    C) Deposit
    D) Draft
    View Answer
    Option C
    Some Extra:

    Full form of BSBDA is Basic Savings Bank Deposit Account
    A BSBDA is an account which can be opened with simplified KYC document and with nil (zero) balance. So there is no need to maintain nay balance in such accounts
  2. A person having Basic Savings Bank Deposit Account (BSBDA) in a bank can have which of the following accounts in the same bank?
    (i) Savings Account
    (ii) Fixed Deposit
    (iii) Recurring Deposit
    A) Only (i)
    B) Only (ii) and (iii)
    C) All (i), (ii), and (iii)
    D) None of (i), (ii) and (iii)
    View Answer
    Option B
    Some Extra:

    A person having BSBDA in a bank cannot have a Savings Account in the same bank. But he can have other accounts such as fixed deposit and recurring deposit accounts, etc.
  3. Who can get open a Basic Savings Bank Deposit Account (BSBDA) in a bank?
    A) having annual income less than Rs 50,000
    B) having annual income less than Rs 1,00,000
    C) having annual income less than Rs 2,00,000
    D) Anybody can get open
    View Answer
    Option D
    Some Extra:

    Banks are advised not to impose restrictions like age and income criteria of the individual for opening BSBDA. So anybody can get open a BSBDA.
  4. At a particular time, what is the maximum balance limit in any individual’s Basic Savings Bank Deposit Account (BSBDA) – Small Account?
    A) Rs 10,000
    B) Rs 50,000
    C) Rs 1,00,000
    D) There is no limit
    View Answer
    Option B
    Some Extra:

    Maximum balance in the BSBDA should not exceed fifty thousand rupees at any time.
  5. A person having Basic Savings Bank Deposit Account (BSBDA) – Small Account can deposit a maximum of how much amount in a year?
    A) Rs 50,000
    B) Rs 1,00,000
    C) Rs 2,00,000
    D) Rs 2,50,000
    View Answer
    Option B
    Some Extra:

    Total sum of deposits in BSBDA cannot exceed Rs 1,00,000 in a year
  6. In a Basic Savings Bank Deposit Account (BSBDA) – Small Account, what is the limit on amount of withdrawals and transfers in a month?
    A) Rs 5,000
    B) Rs 10,000
    C) Rs 20,000
    D) Rs 25,000
    View Answer
    Option B
    Some Extra:

    A person having BSBDA can withdraw only Rs 10,000 in a month. This includes cash withdrawal from bank, ATM withdrawals and transfers to any other accounts.
  7. Which of the following banks can open a Basic Savings Bank Deposit Account (BSBDA) for an individual?
    (i) Public Banks
    (i) Private Banks
    (i) Foreign Banks
    A) Only (i)
    B) Only (i) and (ii)
    C) Only (i) and (iii)
    D) All (i), (ii) and (iii)
    View Answer
    Option D
    Some Extra:

    Any commercial bank including Foreign Banks can open a BSBDA.
  8. If an individual has a savings account in a bank, and he/she gets open a Basic Savings Bank Deposit Account (BSBDA) in the same bank, in how many days the savings account will have be closed?
    A) 15 days
    B) 30 days
    C) 45 days
    D) 60 days
    View Answer
    Option B
    Some Extra:

    A person having savings account can open a BSBDA in the same bank. But he will have to close the savings account within 30 days from the date of opening of BSBDA.
  9. How many minimum free ATM withdrawals are permitted in a Basic Savings Bank Deposit Account (BSBDA)?
    A) 3
    B) 4
    C) 5
    D) 6
    View Answer
    Option B
    Some Extra:

    In BSBDA, banks are required to provide free of charge minimum 4 withdrawals, through ATMs and other mode including RTGS/NEFT/Clearing/Branch cash withdrawal/transfer/internet debits/standing instructions/EMI etc It is left to the banks to either offer free or charge for additional withdrawal/s
  10. In case of a Basic Savings Bank Deposit Account (BSBDA) – Small Account, the account is valid for how much period?
    A) 6 months
    B) 12 months
    C) 1.5 years
    D) 2 years
    View Answer
    Option B
    Some Extra:

    Small accounts are valid for a period of 12 months initially which may be extended by another 12 months if the person provides proof of having applied for an Officially Valid Document.

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28 Thoughts to “Banking Awareness Set 1”

  1. Rαנαкυмαяαи<>

    Nice questions

  2. destiny Casimiro

    tq man/sir

  3. Trisha

    @surajskt:disqus if i am not wrong in Q..9, it should be max free atm withdrawals, pls check

    1. Suraj

      no minimum is correct, as per RBI instruction, every bank has to provide minimum 4 free atm trans. to BSBDA account holder,, banks can give more than 4,, but not less than 4.. so minimum is correct

      1. Trisha

        ok thanks 🙂

  4. •?((¯°·._.• ค๓๒เкค •._.·°¯))؟•

    thankyou mam 🙂

  5. Sanyasi Learnu Banegi SBI PO

    Sir & Mam, You are Awsm.
    Aspirants Zone tagline– “Every solution for your doubts, come and solve quizzes”

    Thanks a lot..:) _/_

    1. Suraj

      Thank You :)) Keep Learning

      1. PHENOMENAL

        Than sir gud ques isse cmplt banking awareness ho jayegi na?? Bob me jaise kl ques aye the yha se cover ho jayenge SBI po k liye??

        1. Suraj

          ha maximum cover ho jayenge…

  6. ໄiദṛඹ?

    thankyou sir :)))))

  7. sachin shukla@Target SBI Mains

    ty)))

  8. AmRITa @ bank po

    Ty..

  9. kumkum ahuja

    thank u az 🙂

  10. Ayushi

    mam plz explain 4 and 5 que

    1. In 4th it says at a particular time
      Like today you deposited Rs 50,000 in 0 balance account.now at a particular time it is 50000 in account. You can not add more money to it.
      Say next week u withdraw. 20,000

      Now 30000 in account.

      Now u can deposit 20k .
      Again at a particular time its is 50k.
      .
      Upto now u have deposited 50+20 equals 70k in account

      Like this. Balance should be less than equal to 50 k at a particular point.

      And total deposits 1 lac in a year.

      Got ?

      1. Ayushi

        yes mam thankss

  11. usha

    thank u aspirant zone

  12. Vasudha ⭐

    thank you AZ

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