Multiple choice

Which accounts are called low cost deposits?

  1. Savings Bank and Current Deposits;

  2. Savings Bank and Fixed Deposit Account

  3. Savings Bank and Credit Card Accounts

  4. Savings Bank and Recurring Deposits
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Low cost deposits, often referred to as CASA (Current Account and Savings Account), are considered low cost because they offer very low or no interest rates to the customer. Fixed deposits and recurring deposits are high cost deposits as they require the bank to pay higher interest rates.

Keep practicing — related questions