I. It has been introduced by RBI with an aim to promote financial inclusion. |
II. It allows opening of a bank account with Rs. 500 as minimum balance. |
III. All the existing 'No-frills' accounts opened by the banks are converted into BSBDA. |
A) I only
B) I and III
C) II and III
D) I, II and III
E) None of these
Correct Answer: B
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