5. Name the type of account that is suitable
for salaried people
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The Salary Account is an account which is suitable for salaried individuals. They can avail overdraft facilities on their accounts. There are no interests paid on this account and if the salary is withheld for more than 3 months, then it can be converted into a savings account
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Answer:
The Salary Account is an account which is suitable for salaried individuals. They can avail overdraft facilities on their accounts. There are no interests paid on this account and if the salary is withheld for more than 3 months, then it can be converted into a savings account.
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