Module: General Practice
Q6: Based on eligibility rules for opening savings bank accounts, which of the following entities is not eligible?
✅ Correct Answer: B
Societies registered under State Co-operatives Societies Acts are not eligible to open savings accounts.
Only those under the Societies Registration Act, 1860 (or similar) are eligible.
Understanding Savings Account Eligibility is crucial because it determines whether an entity is entitled to the standard Interest Rates on Deposits applicable to savings accounts.
Only those under the Societies Registration Act, 1860 (or similar) are eligible.
Understanding Savings Account Eligibility is crucial because it determines whether an entity is entitled to the standard Interest Rates on Deposits applicable to savings accounts.