Explain in detail the following
1) Differential Rate of Interest on SB Accounts
2) Operational details of account opening,
3) Charges for not maintaining Min Balance 4) Offline and Online Charges in CASA accounts 5) Standing Instructions from CASA Accounts 6) Cheque Stop Payment Instructions
Solution:
1) Differential rate of interest means charging different interest from two different individuals.Bank may charge high rate of interest from middle class man or lower rate of interest from backward classes. This is generally done to raise the living standard of the backward classes by providing loan at low rate. This rate of interest may vary from bank to bank. It is not fixed.
Note: You are requested to post the thread again for remaining parts and get quick assistance from our expert.
1) Differential rate of interest means charging different interest from two different individuals.Bank may charge high rate of interest from middle class man or lower rate of interest from backward classes. This is generally done to raise the living standard of the backward classes by providing loan at low rate. This rate of interest may vary from bank to bank. It is not fixed.
Note: You are requested to post the thread again for remaining parts and get quick assistance from our expert.