Govt. Exams
Entrance Exams
PMJDY aims at financial inclusion by providing zero-balance bank accounts and access to banking services for all.
Perpetual Deposit Account is not a standard deposit category. Banks offer Savings, Current, Fixed, and Recurring deposits.
Digital banking provides reduced costs, 24/7 access, and enables financial inclusion for unbanked populations through mobile and internet banking.
Current accounts have no transaction limits and overdraft facilities. However, they do not earn interest on deposits.
Stock exchanges are regulated by SEBI, not RBI. RBI issues currency, regulates monetary policy, and acts as banker to the government.
DICGC's primary objective is to insure deposits of depositors and guarantee credits of banks up to specified limits.
RTGS stands for Real Time Gross Settlement, which is used for settlement of large value transactions on a real-time basis.
The Reserve Bank of India (RBI) oversees payment and settlement systems in India. NPCI is a subsidiary of RBI that operates retail payment systems.
Axis Bank is a private sector bank. Punjab National Bank, Canara Bank, and Indian Bank are all public sector banks promoted by the Government of India.
State Bank of India (SBI) has the largest branch network among all banks in India, with over 20,000 branches across the country.
