Dear Aspirants,

Banking awareness is one of the most important topic for HP State Co-operative exam. A lot of questions are asked in the previous exams. This years 20 Questions from Banking Awareness. This section will pave a way for your interview as well because the interview of a candidate is majorly constitute of the questions from this section. 

What is a Bank Account? 

A ‘bank account’ can be referred to as suitable negotiation you happen to do with a bank to safeguard your hard-earned money in exchange for certain terms and conditions that vary on the choice you make under different types of bank accounts and also on the bank. Once you agree to the terms and condition of the bank, it then keeps your money and provides you with an account number which functions as a reference number for all further transactions which you make as a customer of that bank. The bank also pays you interest on the money you keep safe with the bank.



Types of Bank Accounts 

Bank Accounts are mainly four different types. They are as given below:  

1) Current Account 

2) Savings Account 

3) Recurring Deposit Account 

4) Fixed Deposit Account 

1. Current Account A ‘current account ‘ is mainly meant for businessmen, companies, firms, and public enterprises, as it is not suitable for those who want to invest or save for a longer time also no interest if paid in these types of accounts. There is no provision of interest being paid, on the money that is deposited in such accounts. A customer can deposit and withdraw his/her money any number of time in a day. The deposits which are made under these accounts can be termed as the most ‘liquid’ deposits, always being in the flow and operational also, the deposits in these accounts are more like a liability than an asset to the bank. Bank may charge a penalty if minimum balance is not maintained in a current account.

2. Saving Account The saving account is the most popular and widely preferred deposit account by the bank customers who want to safeguard their money as well as wants to earn some interest on it. These types of bank accounts are like an asset to the bank because there is a limit on the number of transactions that can be made by a customer having these accounts and there is also limit on the amount per day that can be transacted. The rate of interest offered to savings accounts holders usually varies between 4% – 6 % and it also varies according to the bank. 

3. Fixed Deposit Fixed deposits are more Popularly known as FD account, it is a type of financial instrument that is provided by banks which offers an even higher rate of interest on the deposits made by an account holder, as compared to a regular savings account, until the period of maturity. Fixed Deposit account can also be called ‘Term Deposits’ / Bonds. A customer deposits his/her money in these types of accounts for a fixed period and cannot withdraw it until the maturity period. If he/she withdraws the money before the maturity time-period then a fine is to be paid which varies bank to bank. The interest rate in a Fixed Deposit Account varies between 4% – 7.25% depending on the bank. The period of an FD can vary from 7 days to 10 years.



3. Recurring Deposits Recurring Deposits refers to an account that provides the facility of saving a small amount of money for a certain period and also earn a high-interest rate. the term ‘recurring’ basically indicates to something that occurs periodically or repeatedly. These types of accounts are more commonly known as RD accounts. It offers a fixed interest on the amount that has been already invested (through monthly installments) at a specific frequency and the same rates as applicable for Fixed Deposits (FDs). Any individual above 10 years of age is also eligible to open a recurring account along with a valid ID proof. The minimum amount can be 100 or can be even lesser than that. The interest rate offered on the recurring account usually varies in a range of 3.5% – 8.5% depending on the bank as well as it also varies according to the period of the deposit. The minimum time-period for a deposit in this account can be 6 months and the maximum is 10 years. 

The period for a recurring account is classified into three types as given below: Short-term Tenure: 

The period usually ranges between 6 months to 1 year. 

Medium-term Tenure: The period usually ranges from more than 1 year to 5 years. 

Long-term Tenure: The period usually lasts from more than 5 years to 10 years.

टेस्ट सीरिज की विशेषता :-

यह टेस्ट सीरिज JOA (IT) के नये पैटर्न पर आधारित है 

HPSSSB JOA, HPU JOA, Agriculture University JOA, Computer Operator  सभी परीक्षाओं के लिए उपयोगी

इस टेस्ट सीरिज में 10 प्रैक्टिस सेट है प्रत्येक सेट में 85 प्रश्न है, जो हिंदी और अंग्रेजी में उपलब्ध है 

इसमें 600 प्रश्न Computer के है और 250 प्रश्न सामान्य ज्ञान के है और ज्यादातर प्रश्न पिछले वर्षो में हुई परीक्षाओ में से लिए गये है, क्यूंकि हमेशा पुराने प्रश्न ही रिपीट होते है परीक्षाओ में 

अगर आप इस टेस्ट सीरिज को खरीदते है तो आपको HPSSSB और HPPSC द्वारा पिछले वर्षो में आयोजित की गयी परीक्षाओ में पूछे गये हिमाचल सामान्य ज्ञान के 700 से भी ज्यादा प्रश्नों वाली पीडीऍफ़ मुफ्त मिलेगी

यह टेस्ट सीरिज GovtJobs4you के द्वारा बनाई गयी है 

एक बात मेरी याद रखे की "Work Hard but in Smart way"

टेस्ट सीरिज की विशेषता :-

यह टेस्ट सीरिज HRTC (HPSSSC) के नये पैटर्न पर आधारित है 

इस टेस्ट सीरिज में 05 प्रैक्टिस सेट है जो हिंदी और अंग्रेजी में उपलब्ध है 

इसमें 850 प्रश्न है और ज्यादातर प्रश्न पिछले वर्षो में हुई परीक्षाओ में से लिए गये है, क्यूंकि हमेशा पुराने प्रश्न ही रिपीट होते है परीक्षाओ में 

अगर आप इस टेस्ट सीरिज को खरीदते है तो आपको HPSSSB और HPPSC द्वारा पिछले वर्षो में आयोजित की गयी परीक्षाओ में पूछे गये हिमाचल सामान्य ज्ञान के 700 से भी ज्यादा प्रश्नों वाली पीडीऍफ़ मुफ्त मिलेगी

यह टेस्ट सीरिज GovtJobs4you के द्वारा बनाई गयी है 

एक बात मेरी याद रखे की "Work Hard but in Smart way"