BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Current account
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Savings Bank account
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Term or fixed deposit account
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Recurring deposit account
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Detailed explanation-1: -By definition, a Salary Account is a type of Savings Account, in which the employer of the account holder deposits a fixed amount of money as ‘salary’ every month.
Detailed explanation-2: -Some of the best banks for students in India are the ICICI Campus account, Induslnd Student Saving account, and HDFC DigiSave Youth account, where accessories, books, etc., are an everyday need for a student; having a personal bank account will help students.
Detailed explanation-3: -Salary Account vs Current Account As the name suggests, a salary account is for salaried individuals in which their employer pays them their due remuneration. A salary account comes with some limit on daily transactions/withdrawals beyond which charges apply.