Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.381)


Name the small Finance Bank Launches Current Account with Unique Auto-Sweep Facility.

[A]. Jana Small Finance Bank
[B]. Equitas Small Finance Bank
[C]. Suryoday Small Finance Bank
[D]. Ujjivan Small Finance Bank

Answer: Option A


Jana Small Finance Bank launched Current Account with Auto-Sweep facility. The facility will enable bank's existing and potential new customers to auto sweep-in and sweep-out the idle funds in the current account to Sweep Fixed Deposit and earn high interest. For a tenor of 365 days on sweep deposit, the customers will be able to earn interest of 8.5 percent.

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