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Ketan won a cash prize of Rs. 20,000 in the National level Robotics Competition. On the advise of his father, he visits a nearby bank to open a Fixed deposit account in his name with the prize money. His sister Suhasini accompanied him to the bank. On reaching the bank, he notice big banners which are placed within the premises containing information?
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Ketan won a cash prize of Rs. 20,000 in the National level Robotics Co...
Information Banners at the Bank Premises

The bank has placed big banners within the premises to provide essential information to the customers. These banners contain important details that can help customers make informed decisions. Some of the information that Ketan and Suhasini can expect to find on the banners includes:

Fixed Deposit Accounts

The bank offers various types of fixed deposit accounts, which can provide a safe and secure investment option for customers. These accounts offer higher interest rates compared to savings accounts, and customers can choose the tenure of the deposit as per their requirement.

Interest Rates

The banners will also display the current interest rates offered by the bank for different types of fixed deposit accounts. This information can help Ketan and Suhasini compare the rates offered by different banks and choose the one that suits their needs.

Minimum Deposit Amount

The bank may have set a minimum deposit amount for opening a fixed deposit account. This information will also be displayed on the banners, and Ketan and Suhasini can ensure that they have the required amount before opening the account.

Penalty for Premature Withdrawal

In case a customer wants to withdraw the deposit before the maturity period, the bank may charge a penalty. The banners will also provide information on the penalty for premature withdrawal, which can help Ketan and Suhasini plan their investment accordingly.

Documents Required

To open a fixed deposit account, the bank may require certain documents from the customer. The banners will provide information on the documents required, such as identity proof, address proof, and PAN card.

Conclusion

By reading the information banners at the bank premises, Ketan and Suhasini can gain valuable insights into the fixed deposit accounts offered by the bank. They can compare the interest rates, minimum deposit amounts, and penalty charges for premature withdrawal, and choose the account that best suits their investment needs.
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Ketan won a cash prize of Rs. 20,000 in the National level Robotics Co...
Nice question jan
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Ketan won a cash prize of Rs. 20,000 in the National level Robotics Competition. On the advise of his father, he visits a nearby bank to open a Fixed deposit account in his name with the prize money. His sister Suhasini accompanied him to the bank. On reaching the bank, he notice big banners which are placed within the premises containing information?
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Ketan won a cash prize of Rs. 20,000 in the National level Robotics Competition. On the advise of his father, he visits a nearby bank to open a Fixed deposit account in his name with the prize money. His sister Suhasini accompanied him to the bank. On reaching the bank, he notice big banners which are placed within the premises containing information? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Ketan won a cash prize of Rs. 20,000 in the National level Robotics Competition. On the advise of his father, he visits a nearby bank to open a Fixed deposit account in his name with the prize money. His sister Suhasini accompanied him to the bank. On reaching the bank, he notice big banners which are placed within the premises containing information? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ketan won a cash prize of Rs. 20,000 in the National level Robotics Competition. On the advise of his father, he visits a nearby bank to open a Fixed deposit account in his name with the prize money. His sister Suhasini accompanied him to the bank. On reaching the bank, he notice big banners which are placed within the premises containing information?.
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