MoneyKraft

1. What is the modern and convenient way to operate a bank account?

Internet banking and ATM cards

Branch visits

Cheque books & Pass books

2. How does the bank decide what category of client you belong to and what service to provide you

By account balance that you maintain

By the services you avail

By the number of transactions you make

3. What are the parameters to look out for in a bank before opening an account with them?

Proximity to your house and approachable staff

Flexibility, bank is okay with missing documents as long as you start depositing money immediately

Loan book & NPAs

4. What information does the ownership details give us about the bank?

Its Loan book

Ability to bring capital and support banking operations

The non performing assets

5. Which of the following is NOT a benefit of having one main bank account?

Getting loans and Overdraft facility

Bank goes down all assets go down

To obtain Visas

How can you use your bank account efficiently?

your bank account

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Level - 6,3,8,6 BASIC

The basic bank account is the first financial product for most people. Watch this video to know more about choosing the right bank and maximizing the facilities available to account holders.

AUTHOR(s):Uma Shashikant

How can you use your bank account efficiently?

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