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Questions and Answers
What type of deposits require agreement between the depositor and the bank on period and interest rate?
What is a necessary feature of a valid contract for opening a bank account?
What document is required to verify the customer's address?
What document is required for nomination purposes?
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What determines the additional documents required for opening a bank account?
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What is the primary source of funds for most banks?
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Why are banks introducing various deposit schemes?
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What is the main task of banking with regards to deposits?
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Why are banks opening branches across the country?
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What is deposits in the context of banking?
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Who can open a Savings Bank account?
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How many times can a depositor withdraw money from a Savings Bank account in a week?
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What is the minimum balance required to be eligible for interest in a Savings Bank account?
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What is the condition for withdrawing money exceeding 25% of the balance in a Savings Bank account?
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When is the interest paid on a Savings Bank account?
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What is the purpose of obtaining identification documents from a prospective customer?
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What is the importance of having effective KYC standards in banks?
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What is the main objective of KYC procedures?
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What is the recommended approach to verifying a customer's identity?
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Why is it essential to obtain documents that are difficult to obtain illicitly?
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What should happen if a cheque is presented for payment in a Dormant Account?
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How can a customer reactivate a Dormant Account?
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What happens to a Deceased Account after authenticated information is received?
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How is interest applied to a Deceased Savings Bank Account?
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What triggers the reactivation of a Dormant Account in the system?
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What is required from an account holder who cannot sign, in addition to the Account opening form?
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Who should attest the thumb impression of the account holder?
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What should be attached to the specimen signature card?
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What is the purpose of the letter of undertaking obtained from the account holder?
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What precautionary measure should be taken by the bank?
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What happens when a term deposit is encashed prematurely?
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How is interest paid when a term deposit is encashed at maturity?
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What happens when a term deposit is encashed beyond maturity?
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Who can appoint a nominee to their bank account?
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What is the role of a nominee in a bank account?
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When can an account holder nominate a person to their account?
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How many nominees can an account holder appoint?
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What happens to the deposit when an account holder dies?
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Who receives the benefit of the deposit in case of death of the account holder?
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What determines the interest rate for the period beyond maturity?
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What is the primary purpose of deposit mobilization in banking?
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What is the main objective of banks introducing various deposit schemes?
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What type of deposits require agreement between the depositor and the bank on period and interest rate?
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What is a necessary document for nomination purposes in opening a bank account?
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What is the source of funds for most banks?
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What is the purpose of managing deposits in a bank?
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What is required to be present when a banker opens an account?
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What is the purpose of the Expected Transaction Profile (ETP) Form in opening a bank account?
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What is the benefit of diversifying sources of funds for banks?
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Who can open an account with the bank?
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What happens to an account when a cheque is presented for payment in a Dormant Account?
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How does a customer reactivate a dormant account?
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What happens to the operation of an account when a bank receives authenticated information about the account holder's death?
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How is interest applied in a Deceased Savings Bank Account?
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What happens to a Dormant Account after a customer-initiated debit transaction?
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What is the condition for withdrawal of money up to 25% of the balance in a Savings Bank account?
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What is the benefit of having a Savings Bank account with this bank?
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What happens if the balance in a Savings Bank account falls below Tk.500 at any day of a particular month?
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In how many days' prior notice is required for withdrawal of money exceeding 25% of the balance in a Savings Bank account?
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Who can open a Savings Bank account?
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What is the primary purpose of obtaining a certified copy of the statute when opening a bank account?
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What is the main goal of implementing effective KYC procedures in banks?
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What is the recommended approach to verifying a customer's physical and financial identity?
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What type of document is recommended to obtain from a prospective customer to verify their identity?
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What is the purpose of the Mandate document when opening a bank account?
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What should be obtained from the account holder who cannot sign?
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What is the purpose of the letter of undertaking obtained from the account holder?
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Who should attest the thumb impression of the account holder?
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What should be attached to the specimen signature card?
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What precautionary measure should be taken by the bank?
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How should interest be paid when a term deposit is encashed at maturity?
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What should be done when a term deposit is encashed prematurely?
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Who can nominate a person to their account?
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What happens when a term deposit is encashed beyond maturity?
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What is the role of a nominee in a bank account?
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How many nominees can an account holder appoint?
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When can an account holder nominate a person to their account?
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What happens to the deposit when an account holder dies?
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What should be done when a term deposit is encashed prematurely?
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What is the benefit of having a nominee in a bank account?
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What is the primary determinant of the rate of interest applicable to a time deposit?
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What is a necessary document for verifying a customer's address when opening a bank account?
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What is the primary objective of deposit mobilization in banking?
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What is the primary source of funds for most banks?
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What is the primary purpose of obtaining a Specimen Signature Card when opening a bank account?
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What is a key feature of a valid contract for opening a bank account?
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What is the purpose of introducing various deposit schemes by banks?
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What is the ultimate goal of managing deposits in a bank?
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What type of deposit allows the depositor to make regular deposits over a fixed period of time?
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What is the purpose of diversifying sources of funds for banks?
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What is the primary condition for a depositor to be eligible for interest in a Savings Bank account?
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What is the consequence of persistently withdrawing more than twice in a week or a sum exceeding 25% of the balance in a Savings Bank account without notice?
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What is the frequency of interest payment on a Savings Bank account?
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What is the minimum percentage of the balance that a depositor can withdraw without prior notice from a Savings Bank account?
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What is the benefit of having a Savings Bank account with this bank?
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What happens when a bank receives authenticated information about the death of an account holder?
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What is the purpose of referring a cheque to the Manager / Authorized Officer of the account Branch in a Dormant Account?
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How is interest applied in a Deceased Savings Bank Account?
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What triggers the reactivation of a Dormant Account in the system?
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What is the primary purpose of adopting effective KYC standards in banks?
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What is the recommended approach to verifying a customer's physical and financial identity?
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What should be done if a cheque is presented for payment in a Dormant Account?
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What type of document is recommended to obtain from a prospective customer to verify their identity?
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What is the purpose of obtaining a certified copy of the statute when opening a bank account?
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What is the ultimate goal of implementing effective KYC policies and procedures in banks?
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What is the primary purpose of obtaining a letter of undertaking from the account holder?
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What document is required from local authorities or municipal corporations to open a bank account?
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How many passport size photographs of the account holder should be obtained?
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Who attests the account holder's thumb impression on the specimen signature card?
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What precautionary measure should be taken by the bank?
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When a term deposit is encashed prematurely, what happens to the interest?
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Who can appoint a nominee to their bank account?
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What happens to the interest when a term deposit is encashed beyond maturity?
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What is the status of a deposit when an account holder dies?
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What is the role of a nominee in a bank account?
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When can an account holder nominate a person to their account?
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What happens when a term deposit is encashed prematurely?
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How many nominees can an account holder appoint?
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What is the condition for encashment of a term deposit?
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Who is responsible for nominating a person to their bank account?
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What should be obtained from an account holder who cannot sign?
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What precautionary measure should be taken by the bank when opening an account for an account holder who cannot sign?
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What should be attached to the specimen signature card for an account holder who cannot sign?
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What should be done when a cheque is presented for payment in a Dormant Account?
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What is required to open an account for a local authority or municipal corporation?
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What is the primary objective of a trustee in a trust account?
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What is the purpose of the trust deed in a trust account?
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What is the role of the author of the trust?
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What is the beneficial interest of the beneficiary in a trust account?
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What precaution should the banker take when opening a trust account?
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What documents are required to open a special type of account, along with a certified copy of the statute?
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What is the primary purpose of implementing effective KYC policies and procedures in banks?
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What is the recommended approach to verifying a customer's physical and financial identity?
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What is the consequence of a bank's inadequate KYC program?
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What is the main purpose of KYC procedures in banks?
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What happens to a Dormant Account when a cheque is presented for payment?
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What happens to an account when a bank receives authenticated information about the death of the account holder?
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How can a customer reactivate a Dormant Account?
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What happens to interest on a Savings Bank Account after the death of the depositor?
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What happens to a Dormant Account after a customer-initiated debit transaction?
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What is the primary document required to verify the identity of a customer opening a bank account in Bangladesh?
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What type of account requires an interview of the customer and an introducer from an acceptable person to the bank?
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What is the role of a local government authority in verifying a customer's identity?
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What is the primary purpose of obtaining a certificate from a local government authority when opening a bank account?
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What is the primary operational procedure for opening a special type of account?
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What should be recorded on the Account Opening Form and Account Opening Register when opening a minor's account?
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What is required to be examined before authorizing a legal guardian to open an account in the name of a minor?
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What should happen to a minor's account when the minor attains majority?
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What is the condition for opening an account of an illiterate person?
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What is not allowed on a minor's account?
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What type of deposit requires an agreement between the depositor and the bank on the period of the deposit and interest rate?
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What is a necessary document for opening a bank account?
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What is the purpose of the Expected Transaction Profile Form?
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What type of deposit allows the depositor to withdraw money at short notice?
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What is required for a depositor who cannot sign?
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What is the purpose of obtaining photographs of the nominee(s)?
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What is a necessary feature of a valid contract for opening a bank account?
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What is the purpose of obtaining proof of identity and address verification?
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What type of deposit allows the depositor to deposit a fixed amount at regular intervals?
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What is the purpose of a Specimen Signature Card?
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What is the primary purpose of having effective KYC standards in banks?
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In what chapter of the manual is the opening and operation of different bank accounts discussed?
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What is the recommended approach to verifying a customer's physical and financial identity?
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What is the primary focus of chapter 4 of the manual?
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What is the role of the person who reposes or declares confidence in a trust?
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What is the primary objective of a bank's risk management policies?
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Where can you find the discussion on Bills Collection and Remittance in the manual?
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What document is essential for a banker to examine before opening a trust account?
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In which chapter is Clearing and Collection of Instruments discussed?
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What is the term for the right of the beneficiary against the trustees as the owner of the trust property?
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What is the primary purpose of a bank's KYC procedures?
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What is the purpose of the trust deed in a trust account?
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What is the total number of chapters in the manual?
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What is the primary importance of a bank's KYC policies and procedures?
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What is the obligation of the trustee in a trust?
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What is the primary purpose of obtaining a letter of undertaking from an account holder who cannot sign?
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What is required to be obtained from a local authority or municipal corporation to open an account?
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What is the purpose of attesting a thumb impression of an account holder who cannot sign?
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What is the purpose of obtaining two copies of passport size photographs of the account holder?
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What is the purpose of recording a certificate on the back of the cheque?
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What is essential for a valid contract when a banker opens an account?
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What is the primary purpose of obtaining a Specimen Signature Card when opening a bank account?
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What type of deposit requires agreement between the depositor and the bank on period and interest rate?
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What is commonly required for opening each type of account?
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Who can open an account with the bank?
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What is the primary purpose of referring a cheque to the Manager/Authorized Officer in a Dormant Account?
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What happens to the interest on a Savings Bank Account after the death of the depositor?
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What happens to a Deceased Account after authenticated information is received?
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How is an account activated in the system after being dormant?
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What is the primary objective of handling a Deceased Account?
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What is the primary concern of general banking in today's economic and financial surroundings?
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What is the main challenge faced by banks in terms of general banking operations?
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Why are legislative measures and stringent compliance requirements crucial for general banking?
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What is the primary objective of banks in terms of general banking operations?
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What is the consequence of avoiding procedures and compliance requirements in general banking?
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Why are banks perceived to be more fragile than non-financial organizations?
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What is the primary role of policy makers in general banking?
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What is the primary challenge faced by banks in terms of managing customer needs?
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Why are banks strengthening their ability to manage different areas of general banking?
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What is the primary objective of banks in terms of deposit mobilization?
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What is the main focus of chapter 3 of the manual?
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What is the primary concern of chapter 4 of the manual?
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In which chapter of the manual is the discussion on Bills Collection and Remittance?
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What is the main topic covered in chapter 5 of the manual?
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What is the overall organization of the manual?
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What is the term for the right of the beneficiary against the trustees as the owner of the trust property?
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What precautionary measure should be taken by the banker when opening an account in the names of persons in their capacity as trustees?
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What is the document that contains the names of the trustees, power vested in them for administering the trust property and other terms and conditions?
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Who is the person who reposes or declares confidence in a trust?
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What is the term for the obligation annexed to the ownership of property, arising out of confidence reposed in a person or group of persons?
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What is the primary purpose of implementing effective KYC policies and procedures in banks?
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What is the recommended approach to verifying a customer's physical and financial identity?
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What is the primary purpose of knowing a customer physically and financially?
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Why is it essential to obtain documents that are difficult to obtain illicitly?
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What is the benefit of having sound KYC policies and procedures in banks?
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What is obtained from the account holder who cannot sign to ensure the authenticity of the cheques?
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How many passport size photographs of the account holder should be obtained?
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Who should attest the thumb impression of the account holder?
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What is the purpose of obtaining a letter of undertaking from the account holder?
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What is required to open an account for a government or semi-government organization?
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What type of deposit allows the depositor to agree on the period and rate of interest with the bank?
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Which document is required to verify the identity of a customer opening a bank account?
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What is the purpose of obtaining a Specimen Signature Card when opening a bank account?
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What type of deposit is typically used for a large portion of savings deposits?
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What is required to open an account with a bank?
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What happens to a Dormant Account when a cheque is presented for payment?
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How can a customer reactivate their Dormant Account?
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What happens to interest on a Savings Bank Account after the death of the depositor?
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What happens to an account when a bank receives authenticated information about the death of the account holder?
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How is the genuineness of a drawing verified in a Dormant Account?
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What is a crucial concern for banks in general banking?
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Why are relevant legislative measures taken in general banking?
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What can be detrimental to banks that are widely perceived to be more fragile?
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What should receive adequate attention of the policy makers of the bank?
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What is the common view within general banking?
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What can be challenging for banks?
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What is a critical challenge in general banking?
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Why are measures taken in general banking?
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What is challenging for banks in general banking?
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What is crucial in general banking?
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