Multiple choice

Opening the Saving Bank Account of a minor girl will be called as which of the following in Banking terminology ?

  1. Retail Banking

  2. Merchant Banking

  3. Institutional Banking

  4. Social Banking

  5. Corporate Banking

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Retail banking refers to banking services provided to individual consumers rather than corporations or institutions. Opening savings accounts for individuals, including minors, falls under retail banking operations.