What is RBI?

The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934.The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders.[7] Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949.

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Types of Bank Accounts

A bank account is a financial account maintained by a financial institution for a customer. A bank account can be a deposit account, a credit card account, or any other type of account offered by a financial institution, and represents the funds that a customer has entrusted to the financial institution and from which the customer can make withdrawals. Alternatively, accounts may be loan accounts in which case the customer owes money to the financial institution.

Keywords: Different Types of Bank Accounts, Types of Bank Account, Types of Accounts Offered by Banks

Broadly speaking, there are a few major types of accounts that individuals can maintain with banks:

Types Of Bank Accounts

1. What is the wavelength of visible spectrum?
2. The fragments of which comet system collided with Jupiter in July 1994 ?
3. The National Housing Bank was set up in India as a wholly-owned subsidiary of which bank?
4. Wine production is mainly carried out in natural region?

CLAMOROUS: Loud and noisy - a clamorous outburst the crowd outside.
Synonyms: vociferous, obstreperous, blatant, raucous, strident.
Antonyms: muted, quiet.

CLANDESTINE: Secret; stealthy - a clandestine meeting known only to a few.
Synonyms: furtive, covert, surreptitious.
Antonyms: overt, manifest, above-board.

CLEMENT: Merciful; gentle - a clement judge who tempered justice with leniency.
Synonyms: compassionate, forbearing.
Antonyms: relentless, ruthless.

COALITION (verb: COALESCE): Alliance; merging of various units into one unit - three parties forming a coalition to rule the country.
Synonyms: amalgamation, consolidation, fusion. 

COERCION: Compelling a person by physical force or other means to do something against his will - rendered his services without the slightest coercion. Synonyms: constraint, restraint, impelling. 

COGENT: Having the force to compel, usually by appealing to reason - persuaded by cogent arguments.
Synonym: persuasive.

COLLUSION: Working together secretly for an evil purpose - acted in collusion to overthrow the government.
Synonyms: collaboration, conspiracy, conniving, machination.

COMMODIOUS: Roomy - a commodious apartment.
Synonyms: spacious, capacious, ample. 

COMPATIBLE: Harmonious; able, to get along together parted company because they were not compatible.
Synonyms: congruous, consistent.
Antonyms: incongruous, discordant, incompatible. 

COMPENDIUM (adj.: COMPENDIOUS): A brief summary of the main ideas of a larger work - a compendium of chemistry in a slim volume. Synonyms: synopsis, digest, precis, abstract, epitome. 

COMPENSATION: Payment for services - just compensation for his labor.
Synonyms: stipend, remuneration, recompense, emolument.

COMPLACENT: Self-satisfied - looked on his own performance with a complacent smile. Synonym: smug.

COMPUNCTION: Regret for wrongdoing - displayed slight compunction for his misdeed. Synonyms: contrition, penitence, atonement, remorse, qualm.

CONCEDE: To yield; to admit as true; to grant - conceded victory to a superior force.
Synonyms: acquiesce, capitulate.

CONDIGN: Well-deserved (applied chiefly to punishment) - received condign punishment for his crime.

CONDOLE (noun: CONDOLENCE): To express sympathy with another in sorrow, pain, or misfortune - condoled with each other in their grief.
Synonyms: commiserate, show compassion, solace.

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