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Banking Company Accounts - 2 Video Lecture | Advanced Corporate Accounting - B Com

	Advanced Corporate Accounting 89 videos\|52 docs\|22 tests

Advanced Corporate Accounting

89 videos|52 docs|22 tests

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FAQs on Banking Company Accounts - 2 Video Lecture - Advanced Corporate Accounting - B Com

1. What are the different types of accounts offered by banking companies?

Ans. Banking companies offer various types of accounts, including savings accounts, current accounts, fixed deposit accounts, recurring deposit accounts, and salary accounts.

2. How can I open a bank account with a banking company?

Ans. To open a bank account with a banking company, you typically need to visit a branch with valid identification documents, proof of address, and an initial deposit amount as per the bank's requirements.

3. What is the difference between a savings account and a current account with a banking company?

Ans. A savings account is typically used for saving money and earning interest, while a current account is used for day-to-day transactions and does not usually earn interest. Savings accounts may have restrictions on withdrawals, while current accounts offer more flexibility.

4. Can I have multiple accounts with a banking company?

Ans. Yes, you can have multiple accounts with a banking company, including different types of accounts such as savings, current, fixed deposit, etc. However, you may need to maintain a minimum balance in each account as per the bank's requirements.

5. Are my deposits with a banking company insured?

Ans. Yes, deposits with banking companies are insured up to a certain limit by the Deposit Insurance and Credit Guarantee Corporation (DICGC) in India. Currently, deposits up to Rs. 5 lakh per depositor are insured.

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Dec 23, 2024 Last updated

Video Description: Banking Company Accounts - 2 for B Com 2024 is part of Advanced Corporate Accounting preparation. The notes and questions for Banking Company Accounts - 2 have been prepared according to the B Com exam syllabus. Information about Banking Company Accounts - 2 covers all important topics for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Banking Company Accounts - 2.

Introduction of Banking Company Accounts - 2 in English is available as part of our Advanced Corporate Accounting for B Com & Banking Company Accounts - 2 in Hindi for Advanced Corporate Accounting course. Download more important topics related with notes, lectures and mock test series for B Com Exam by signing up for free.

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Video Lecture & Questions for Banking Company Accounts - 2 Video Lecture | Advanced Corporate Accounting - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Advanced Corporate Accounting.

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	Advanced Corporate Accounting 89 videos\|52 docs\|22 tests

Advanced Corporate Accounting

89 videos|52 docs|22 tests

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