While opening a new account in a bank , a customer tenders along with the account opening form, relevant documents and a proper introduction & initial deposit. Which among the following is correct about initial deposit?
1. Initial deposit is a must to open an account and must be as cash
2.Initial deposit is a must to open an account and must be as Cheque
3.Initial deposit is a must to open an account and can be either cheque or Cash
4.Initial deposit is not required in some situation
Posted Date:-2021-03-06 08:24:01