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What mainly differentiates a Basic Savings Bank Deposit Account (BSBDA) from a regular savings account?

medium Q15 of 15
Banking Awareness - Types Of Bank Accounts
What mainly differentiates a Basic Savings Bank Deposit Account (BSBDA) from a regular savings account?
ABSBDA earns no interest
BBSBDA is only for salaried employees
CRegular savings accounts are RBI-mandated
DBSBDA has transaction and service limitations
Step-by-Step Solution

  1. Step 1: Recall the purpose of BSBDA.

    It is designed for financial inclusion.

  2. Step 2: Identify the distinguishing feature.

    BSBDA comes with limits on transactions and services.

  3. Final Answer:

    BSBDA has transaction and service limitations → Option D

  4. Quick Check:

    Inclusion + limits = BSBDA ✅
Quick Trick: Restrictions indicate BSBDA.
Common Mistakes:
MISTAKES
  • Assuming BSBDA differs only in interest rate.
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