Which among the following is not a feature of Saving Accounts?
Which among the following is not a feature of Saving Accounts?
[A]Preferred by individuals savers
[B]Usually low scale transactions
[C]Earns interest
[D]Has overdraft facility
Has overdraft facility
The basic objective of a Savings Bank Account is to enable the customer save his / her liquid assets and also earn money on that saving. The Savings banks Accounts are preferred by individuals and provide liquidity for private and small businesses sometimes. Saving Accounts have no overdraft facility.
Originally written on
May 19, 2015
and last modified on
May 19, 2015.