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Banking Exams Exam  >  Banking Exams Questions  >   In Dec 2020, which of the following banks ha... Start Learning for Free
In Dec 2020, which of the following banks has launched a 3-in-1 account for saving, trading & Demat?
  • a)
    Ujjivan Small Finance Bank
  • b)
    Janalakshmi Small Finance Bank
  • c)
    Equitas Small Finance Bank
  • d)
    A U Small Finance Bank
  • e)
    Suryoday Small Finance Bank
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
In Dec 2020, which of the following banks has launched a 3-in-1 accou...
Equitas Small Finance Bank has launched a three-in-one account that allows customers to invest in a wide variety of financial products.
A 3-in-1 account (savings + trading + demat) is a convenient option that helps the customers to keep all their banking and financial investments under one umbrella entity.
Hence, the correct option is (C).
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Community Answer
In Dec 2020, which of the following banks has launched a 3-in-1 accou...


Equitas Small Finance Bank

Equitas Small Finance Bank launched a 3-in-1 account in December 2020, which combines saving, trading, and Demat services in a single account. This innovative offering provides customers with a seamless and convenient way to manage their finances and investments all in one place.

Key Features of the 3-in-1 Account:
- Savings Account: Customers can use the account for their day-to-day banking needs, such as deposits, withdrawals, and online transactions.
- Trading Account: The trading account allows customers to buy and sell stocks, commodities, and other securities in the financial markets.
- Demat Account: The Demat account holds securities in electronic form, eliminating the need for physical share certificates.

Benefits of the 3-in-1 Account:
- Convenience: Customers can access all their banking and investment services through a single account, making it easier to manage their finances.
- Cost-effective: By bundling saving, trading, and Demat services together, customers may save on account maintenance fees and other charges.
- Integrated platform: Having all services under one roof provides a seamless and integrated platform for customers to monitor and manage their investments.

Conclusion:
Equitas Small Finance Bank's 3-in-1 account is a game-changer in the banking and investment industry, offering customers a comprehensive solution for their financial needs. This innovative product aims to simplify the customer experience and provide greater value and convenience.
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In Dec 2020, which of the following banks has launched a 3-in-1 account for saving, trading & Demat?a)Ujjivan Small Finance Bankb)Janalakshmi Small Finance Bankc)Equitas Small Finance Bankd)A U Small Finance Banke)Suryoday Small Finance BankCorrect answer is option 'C'. Can you explain this answer?
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In Dec 2020, which of the following banks has launched a 3-in-1 account for saving, trading & Demat?a)Ujjivan Small Finance Bankb)Janalakshmi Small Finance Bankc)Equitas Small Finance Bankd)A U Small Finance Banke)Suryoday Small Finance BankCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about In Dec 2020, which of the following banks has launched a 3-in-1 account for saving, trading & Demat?a)Ujjivan Small Finance Bankb)Janalakshmi Small Finance Bankc)Equitas Small Finance Bankd)A U Small Finance Banke)Suryoday Small Finance BankCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In Dec 2020, which of the following banks has launched a 3-in-1 account for saving, trading & Demat?a)Ujjivan Small Finance Bankb)Janalakshmi Small Finance Bankc)Equitas Small Finance Bankd)A U Small Finance Banke)Suryoday Small Finance BankCorrect answer is option 'C'. Can you explain this answer?.
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