JAIIB · PPB · Chapter 5

Operational Aspects of Deposit Accounts

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.

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Q

Individuals, Sole proprietorships, Partnership Firms?

A

Minors (except via natural guardian)

Q

LLPs, Private / Public Sector Companies?

A

Pardanashin women

Q

Clubs, Associations, Trusts?

A

Illiterate persons

Q

Govt / Local Bodies, Cooperative Societies?

A

Blind persons

Q

Without cheque facility?

A

withdrawals via withdrawal slip + passbook at branch.

Q

With cheque facility?

A

withdrawals via cheque, ATM, NEFT/RTGS/IMPS/UPI, mobile / net-banking.

Q

Individuals (single / joint)?

A

Government departments dependent on budget

Q

Minors above 10 years (independent operation; some banks set higher age)?

A

Municipal Corporations, Panchayat Samitis

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