100+ MCQ Questions with Answer on Banking Services for GDS to MTS, Postman, PA Examination

Summary

This video script discusses over 100 common questions and answers related to banking services, focusing on topics such as issuing fresh passbooks, account closures, and the National Savings Monthly Income Account Scheme. It also covers the process of handling financial transactions and the importance of maintaining minimum balances in savings accounts.

Takeaways

• 📘 The video is a part of a series on Postman Exam preparation, focusing on banking services and addressing over 100 MCQs with answers.
• 💼 The script explains the concept of issuing a fresh passbook when the existing one is exhausted, with no charges applied for this service.
• 🏦 It discusses the process of closing financial accounts and crediting the matching amount to the postmaster's check account, specifically to SID + 0340.
• 📑 The video mentions the form number 28, which is used when a passbook deposit is retained by the customer, and the form is handed over to them.
• 📈 The script covers the transition from the Monthly Income Scheme 1987 to the National Savings Monthly Income Account Scheme 2019, with a focus on the Gazette Notification number GSR 917.
• 👀 It highlights the process for a depositor to view their signature through the IEIS menu during a financial inspection.
• 📋 The video outlines the rules for discontinued schemes, such as the NSC and PPF, and how transactions for these accounts are handled from the head post office.
• 💡 The script provides instructions on how to calculate interest before closing a savings account using the HSIAT financial command.
• 🔒 It emphasizes the necessity of maintaining a minimum balance in savings accounts and the penalties for not doing so, such as ₹ plus GST for non-maintenance.
• 👶 The video explains the rules for opening a single savings account by a minor themselves, stating that a 10-year-old minor can operate the account independently.
• 🚫 The script clarifies that after the JSP (GSPR), certain types of accounts like the pension account are no longer assisted or opened.

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