Question

Identify the type of bank accounts being highlighted in following situations:

(i) This account can be opened by any limited company. Payments can be made in the account

unlimited number of times. Funds can be remitted from any part of the country to the

corresponding account. Overdraft facility and Internet banking facility are available.

(ii) It is a kind of account which are usually operated by individuals. These accounts promote

small savings of households. These accounts are mainly maintained by salaried people.

(iii) This type of account is a combination of two or more accounts. In these type of bank

accounts excess amount in the savings account is transferred to fixed deposit account and

the account holder earns more rate of interest.

(iv) This type of account allows the account holder to save fixed amount on regular basis for a

fixed period of time. The rate of interest is compounded quarterly and the final amount

amount is paid on maturity. ​

Answer 1

Answer:

I am from class 8 I can't answer this question

Explanation:

sorry sorry