Consider the following statements regarding the Basic Savings Bank Deposit Account (BSBDA):
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There is a limit of four withdrawals per month.
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Customers can have more than one BSBDA in a bank.
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If KYC norms are not fulfilled, the account is treated as a BSBDA – Small Account.
Which of the above statements is/are correct?
1
1 only
2
2 only
3
3 only
4
1 and 2 only
5
1 and 3 only