Question

“The number of saving bank account holders is increasing Give reasons.

Answer 1

• Saving accounts encourages the habit of saving along the people who have an income
• Banks provide many facilities and services for saving account holders such as Electronic fund transfer, Gold Loans, etc.
• The money is safe in a bank account and prevents unnecessary expenses.
• If money is needed urgently, it can be withdrawn at a convenient ATM at their own convenient time.