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प्रश्न
Explain the features of savings bank account.
Mention three features of a savings bank account.
थोडक्यात उत्तर
टीपा लिहा
उत्तर
Features of a savings bank account are as follows:
- Account holders can withdraw their funds at any moment upon request.
- Savings account holders can use internet and mobile banking.
- This account earns a modest interest rate.
- One or more people can open this account.
- Savings accounts are generally opened by households and salaried persons.
- It allows a limited number of transactions.
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Commercial Banks: Functions
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संबंधित प्रश्न
Mention two differences between fixed deposits and demand deposits.
Explain any two Lending Money functions of Commercial Banks.
Match the following:
| 1 | Savings account | P | For a fixed time period |
| 2 | Current account | Q | Deposited at an equal time period |
| 3 | Recurring account | R | No interest is paid |
| 4 | Fixed deposit | S | Nominal restriction in no. of withdrawals |
Explain any four advantages of a bank account.
Differentiate between Savings Deposit and Current Deposit.
A ______ is meant for day to day transactions.
Which is the primary function of Commercial Banks?
Give two advantages of depositing money with commercial banks.
Explain how banks can advance loans through cash credit.
What are time (or fixed) deposits?
