English, asked by jayantikam6038, 11 months ago

Write letter to cousin about important of saving money in bank rather keeping cash at home

Answers

Answered by lily01001
61

Answer:

New Baneshwor, Kathmandu

17th April,2021 AD

Dear Mona,

Greetings! it has been so long not getting any updates about you and your family. I am fine here and hope you and your family am fine here. Today, I would like to explain you about the importance of saving money in bank rather than keeping cash at home.

Bank is financial institution that undertakes the banking activities like accepting deposits and lending money to earn certain profits. Saving money in bank provides us security. We will feel insecure of losing it if we save money in home. We can earn interest by depositing our money in bank and it also reduces our temptation to spend it. Bank provides us insurance if Bank looses our money then also it will provide us our money. Bank provides us ATM card which allows to withdraw money anywhere, we don't need to carry cash everywhere. lt even provide us service of transferring money from one place to another place in short saving money at bank is the best option.

This much for today. I hope you will save money in bank from now on rather than keeping cash at home. Please write whether you saved money in bank or not. I am waiting for your timely reply.

Faithfully yours,

Lily

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