Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations

Q.  Which of these kinds of deposits can be offered by Banking Correspondents?

a. Small Savings Accounts
b. Fixed Deposits
c. Recurring Deposits
d. All of the above


ANSWER: See Answer
 
As per the RBI guidelines the products provided by BCs are: Small Savings Accounts, Fixed Deposit and Recurring Deposit with low minimum deposits, Remittance to any BC customer, Micro Credit and General Insurance.
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