Simple
A bank account is a __________________ account.
financial
Do you have your own business?Give reason
Yes/No
Which account is very popular with students, recurring deposits are designed to encourage regular savings amongst people.
Recurring Deposit
_____________have been the most popular instrument for money transfer for many decades. Today, more and more people are using online banking.
Cheque
Guess the words
1. Allowance to withdraw more than account balance (O/_/E/_/_/R/_/_/T)
2. For safekeeping of funds bank act as a (V/_/_/L/_)
1.overdraft
2.Vault
True or False
Savings account allows maximum flexibility to deposit any amount of their liking,making it easy and convenient for people
True
Your oppinion
Which provides a substantially higher interest rather than savings accounts.
Fixed deposit
Which is the oldest surviving bank in southern part of the Asian continent.
SBI -State Bank Of India
Modern banking in India started in the form of the Bank of Hindostan in
1770
They are classified in commonly understood types, such as ______________________, _______________,______________, ______________.
deposit accounts, credit card accounts, current accounts, loan accounts
True or False
A currency account helps reduce fees for currency exchanges and is perfect for managing different international transactions in one place.
True
30
Bank accounts are of the following types:
o Savings account
o Current account
o Fixed deposit
o Recurring deposit
2. Which amongst the following is NOT a commercial bank?
a. EXIM Bank b. Punjab National Bank c. State bank of India
c. State bank of India
These are the accounts opened in the banks with the critical purpose of teaching the habits of saving amongst people.
Which bank account statement is this?
Saving Accounts
What is the use of bank?
A BANK is a place that looks after people's money for them and keeps it safe. It also lends money to people to help them buy things like houses. A BUDGET is a plan on how you will spend the money you earn.
The number of money rules?
4
Commercial banks are classified into four different types, namely:
o Public sector banks
o Foreign banks
o Private sector banks
o Regional Rural Banks (RRBs)
Say any of the 3 full name of the banks as follows
US
SBI
RBI
RRBs
US United States of America
SBI State Bank of India
RBI Reserve Bank of India
RRBs Regional Rural Banks
Examples of modern currency?
Credit card,Gold,Diamond,Coins and notes
What was the old method of exchange called?
Different names of currency in different countries?
Dollars,Euro,Rupees and dirhams etc
Match the following
1 Public sector banks A An instrument for money transfer
2 Cheque B Coins to paper currency
3 Recurring deposit C Owned by the government
4 Evolution D Regular savings amongst people
4-B
2-A
3-D
1-C
What contains in a cheque
• Amount to pay in words as well as in numbers
• Name and signature of the person making the payment or the account holder
• Name of the person who will receive the payment
• The date on or after which the cheque is valid