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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- Money in savings deposits is secure and can be withdrawn using cheques, ATMs, or online banking.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
Select the correct answer from the options given below and rewrite the statement.
A company usually opens _____________ account in a bank.
Select the correct answer from the options given below and rewrite the statement.
Bank is a _______ institution
Select the correct answer from the options given below and rewrite the statement.
Withdrawals are not permitted from the ____________ deposit account.
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.
State whether the following statement is true or false :
Board resolution is not required to open the Current Account with the bank.
State whether the following statement is true or false :
It is necessary to instruct the bank to stop payment of a cheque which is lost.
Complete the sentence:
Accepting deposits and lending money are the primary functions of ______
Complete the sentence:
A facility under which a customer can overdraw money from his account is called as ___________.
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| Overdraft | __________ |
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| International Trade Transactions | __________ |
Answer in one sentence:
Which facility is given to Current Account holder?
Justify the following statement:
Overdraft facility is given only to current depositors?
Explain the different types of deposits
Explain the following term/concept:
Letter of Credit
Explain the following term/concept:
Cash Credit.
Explain the following term/concept:
Demand Deposits
Correct the underlined word and rewrite the following sentence:
Businessman opens Fixed Deposit Account.
Correct the underlined word and rewrite the following sentence:
Accepting deposits is the secondary function of Banks.
