Banking Awareness - Types Of Bank Accounts
Which of the following features is commonly associated with BSBDA but NOT with salary accounts?
Which of the following features is commonly associated with BSBDA but NOT with salary accounts?
medium Q14 of 15
Step-by-Step Solution
Step 1: Compare operational rules.
BSBDA comes with simplified and restricted features.Step 2: Identify the differentiating feature.
BSBDA has limits on withdrawals and transactions.Final Answer:
Limit on number of withdrawals → Option CQuick Check:
Transaction restriction = BSBDA feature ✅
Quick Trick: Restrictions usually indicate BSBDA.
Common Mistakes:
- Thinking salary accounts also have strict transaction limits.
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