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Which factor mainly differentiates BSBDA from a regular savings account?

medium Q7 of 15
Banking Awareness - Types Of Bank Accounts
Which factor mainly differentiates BSBDA from a regular savings account?
AEligibility of individuals
BRate of interest
CTransaction and service restrictions
DType of deposits allowed
Step-by-Step Solution

  1. Step 1: Compare BSBDA with regular savings.

    Both earn interest and allow deposits.

  2. Step 2: Identify the key difference.

    BSBDA has limits on transactions and services.

  3. Final Answer:

    Transaction and service restrictions → Option C

  4. Quick Check:

    Restrictions = BSBDA identifier ✅
Quick Trick: Restrictions distinguish BSBDA from normal savings.
Common Mistakes:
MISTAKES
  • Thinking interest rate differentiates the two.
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