Question

21. Anmol goes to State Bank of India to open a savings account there. On visiting the bank, he
learns that there is a type of bank account which is better than the saving account. the specialty
of this account is that as and when he deposited amount in the account exceeds a certain
amount, the amount in excess gets transferred into the fixeddeposit. The interest earned on the
fixed deposit account is more than that on the saving account. This account serves the purpose
of both the savings account and fixed deposit. Anmol gets this account opened.
Name & explain the type of bank account discussed in the above para.​

Answer 1

Answer:

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