Which of the following statements is/are correct about Basic Savings Bank Deposit Account?
I. It has been introduced by RBI with an aim to promote financial inclusion.
II. It allows opening of a bank account with Rs. 500 as minimum balance.
III. All the existing 'No-frills' accounts opened by the banks are converted into BSBDA.
Which of the following statements is/are correct about National Rural Financial Inclusion Plan?
I. It focuses on providing credit to at least 50% of financially excluded households.
II. Commercial Banks and Regional Rural Banks have been selected for the implementation of the plan.