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प्रश्न
Explain the following term/concept:
Savings Deposits
उत्तर
Savings deposits are bank accounts where people deposit their money to earn interest while keeping it safe and accessible. These accounts are mostly used by individuals to save a portion of their income for future needs.
- They offer lower interest rates compared to fixed deposits.
- Banks allow limited withdrawals from savings accounts.
- They help inculcate the habit of saving among people.
- Money in savings deposits is secure and can be withdrawn using cheques, ATMs, or online banking.
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संबंधित प्रश्न
Write a word or a term or a phase which can substitute the following statement:
Permission to withdraw excess amount from Current Account.
Select the correct answer from the options given below and rewrite the statement.
__________ is used for depositing cash into a bank account.
Select the correct answer from the options given below and rewrite the statement.
Withdrawals are not permitted from the ____________ deposit account.
Select the correct answer from the options given below and rewrite the statement.
__________ account is suitable to salaried people.
Write a word or a term or a phase which can substitute the following statement:
The slip which is used for withdrawing money from Savings Account.
Complete the sentence:
Accepting deposits and lending money are the primary functions of ______
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| International Trade Transactions | __________ |
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| ________________ | Current Account |
Answer in one sentence:
Which facility is given to Current Account holder?
Attempt the following:
Write a letter requesting the bank to issue a letter of credit.
Attempt the following:
Write a letter to bank for opening a current account
Distinguish between the following:
Loan and overdraft
Explain the following term/concept:
Stop payment of cheque
Explain the following term/concept:
Cash Credit.
Explain the following terms/concept:
Advances
Explain the following term/concept:
Bank
