Bird
0
0

Which of the following is NOT permitted under a Basic Savings Bank Deposit Account (BSBDA)?

medium Q4 of 15
Banking Awareness - Types Of Bank Accounts
Which of the following is NOT permitted under a Basic Savings Bank Deposit Account (BSBDA)?
AReceiving government benefits
BEarning interest on balance
CUsing debit card facilities
DUnlimited number of withdrawals
Step-by-Step Solution

  1. Step 1: Recall BSBDA features.

    BSBDA is a basic account with limited services.

  2. Step 2: Identify the restricted activity.

    BSBDA has limits on number of withdrawals.

  3. Final Answer:

    Unlimited number of withdrawals → Option D

  4. Quick Check:

    Unlimited withdrawals are not allowed in BSBDA ✅
Quick Trick: Unlimited transactions never apply to BSBDA.
Common Mistakes:
  • Assuming BSBDA works like a regular savings account.
Master "Types Of Bank Accounts" in Banking Awareness

Start learning the concept with an interactive lesson.

Learn

Want More Practice?

15+ quiz questions · All difficulty levels · Free

Free Signup - Practice All Questions
More Banking Awareness Quizzes
Types Of Bank Accounts - Joint Account Types - Quiz 14medium Types Of Bank Accounts - CASA Concept - Quiz 11easy Types Of Bank Accounts - CASA Concept - Quiz 2easy Types Of Bank Accounts - Current Account - Quiz 2easy Types Of Bank Accounts - Demand Deposits vs Time Deposits - Quiz 1easy Types Of Bank Accounts - Savings Account - Quiz 11easy Types Of Bank Accounts - Fixed Deposit Account - Quiz 5medium Types Of Bank Accounts - Joint Account Types - Quiz 6medium Types Of Bank Accounts - Minor Account & Special Customer Accounts - Quiz 13easy Types Of Bank Accounts - Minor Account & Special Customer Accounts - Quiz 11easy