Current account is suitable for salaried people. (State with reason whether the given statement is true or false)
Answers
Answer:
This statement is true that Current Account is suitable for salaried people. This is so because, salaried class people have to go through providing some basic bills like utilities, electricity, water, lighting, gas, etc. They have to debit and credit money quite a few times of the month. This account allows them to take out money as many times as they require.
They cannot go for a savings account, which requires certain credit transactions every month. And they most certainly cannot opt for a fixed account, as they need to withdraw money from their account, which this type of account does not allow.
Answer:
Current account or any other account
Explanation:
According to me,the statement given above is absolutely correct that current account is the best for salaried people beacuse in current account you may deposit as well as withdraw money at any point of time.
When a person is salaried,every month he or she will deposit their salaries into the bank.
The salaried people will withdraw some money after they recieve salaries to pay various bills,and other requirements.
On the other hand if we choose Fixed deposit account then we can only take out money when it will be date of maturity.
Therefore best account for a salalried person is Current account.