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?

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Question:
  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

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