Banking Awareness - Types Of Bank Accounts
Which account variant allows maintaining zero minimum balance under specific conditions?
Which account variant allows maintaining zero minimum balance under specific conditions?
medium Q6 of 15
Step-by-Step Solution
Step 1: Identify zero-balance account types.
Zero-balance variants exist mainly in savings accounts.Step 2: Eliminate non-deposit accounts.
FD and CC accounts do not offer zero-balance facilities.Final Answer:
Savings Account → Option BQuick Check:
Zero-balance feature = Savings Account variant ✅
Quick Trick: Zero balance usually points to savings account.
Common Mistakes:
- Confusing zero-balance with current accounts.
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