Which of the following does not accept chequeable deposits from public?
Which of the following does not accept chequeable deposits from public?
(a) ICICI Bank
(b) State Bank of India
(c) LIC
(d) Axis Bank
Anurag Pathak Changed status to publish January 5, 2024
Ans – (c)
Explanation:-
LIC is not a bank, it does not open the demand deposits such as savings and current accounts of the general public.
It is just a financial institution. It offers loans and time deposits but does not open a demand deposits account.
Thus it is not a bank.
Anurag Pathak Changed status to publish January 5, 2024
