what is savings account explain in detail
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A saving account is a bank account at a retail bank.
Common features include a limited number of withdrawal,a lack of cheque and linked debit card facilities, limited transfer options, and the inability to the overdrawn.
Traditionally, transactions on savings accounts were widely recorded in a passbook, and were sometimes called passbook savings account, and bank statement were not provided; however currently such transactions are commonly recorded electronically accessible online.
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