Question

Fill in the blanks with suitable word.
i. Savings Bank Account can be opened with a ____________
amount of deposit.
ii. A fixed Deposit Account carries interest at a rate, which is
____________ than that on savings bank account.
iii. Overdraft facility is allowed to holders of __________ deposit
account.
iv. Money can be withdrawn from current account by issuing
____________.
v. The rate of interest allowed on the balance of recurring deposit
account is ________ than the rate allowed on fixed deposit account.

Answer 1

Answer:

1)Credit card

2)Less

3)Cashless

4)ATM card

5)Simple interest

Answer 2

Answer:

i. 'Savings Bank Account' can be opened with a 'nominal amount of deposit.'

ii. A 'Fixed Deposit Account' carries 'interest at a rate', which is 'higher than that on the 'savings bank account'.

iii. 'Overdraft facility' is allowed to 'holders of the 'current account deposit account'.

iv. 'Money can be withdrawn from 'current account by 'issuing a cheque'.

v. 'The rate of interest' allowed on the 'balance of recurring deposit account' is the same than the 'rate allowed on a 'fixed deposit account'.