KISAN CREDIT CARD: --------------- • The full form of KCC – Kisan Credit Card • KCC scheme was intoduced by – GOI , RBI , NABARD • KCC scheme was introduced in the year – 1998 • The objective of KCC is – to fulfill the credit needs of farmers during cropping season through banking system. BSBDA: ----------- • The full form of BSBDA is – Basic Saving Bank Deposit Account • The BSBDA scheme is launched by – RBI • Who can open BSBDA - Any individual, including poor or those from weaker section of the society • BSBDA guidelines are applicable to -all scheduled commercial banks in India including foreign banks having branches in India. • As per guidelines issued on 22 august 2012 by RBI, all the existing No-frill accounts opened by the banks are now converted into – BSBDA • What is the initial minimum deposit required while opening a Basic saving bank deposit accounts – Zero Balance • How many Basic Savings Bank Deposit Account can an individual have in one bank – Only one • Whether there are any restrictions like age, income, amount etc criteria for opening BSBDA by banks – No • The BSBDA helps in promoting – Financial Inclusion
Posted on: Mon, 02 Dec 2013 03:44:39 +0000