A) Current Account
B) Savings Account of Minors
C) Deposit from minority groups
D) Other than those given as options.
E) BSBO
Correct Answer: A
Solution :
According to the Reserve Bank's Instructions on Banking matters. Banks cannot accept interest free deposits other than in current account. Cur-rent Accounts are basically meant for businessmen and are never used for the purpose of investment or savings. These deposits are the most liquid deposits and there are no limits for number of transactions or the amount of transactions in a day.
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