write a short note on SMALL ACCOUNT
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mujhe itna hi milla .....jitna hua help kiya....hope it help u
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hey here is your answer..........
in rule of two clause (FB) of the
notification 'small account' means
a savings account in a banking company where_the aggregate of all credits in a financial year does not exceed rupees
1 lakh ; the aggregate of all withdrawals
and transfer in a month does not exceed rupees 10 thousands; and the balance at any point of time does not exceed rupees
50 thousands.
Rule (2A)of the notification lays down the details procedure for opening small account. bank are advised to ensure
adherence to the procedure provided in the rules for opening of small account.
hope this will help you......
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