Multiple choice

Which of the following insist(s) on higher initial deposits in a new bank account?

  1. Foreign and new generation private sector bank

  2. Foreign and old private sector bank

  3. State bank group

  4. Nationalised banks
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Foreign banks and new generation private sector banks typically insist on higher minimum initial deposits compared to nationalized banks or state bank group. This is because they target premium customers and offer different service models. Old private sector banks and nationalized banks generally have lower initial deposit requirements.

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