ECONOMICS (CBSE/UGC NET)

ECONOMICS

SAVING AND INVESTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What account pays low interest
A
Money Market
B
savings
C
checking
D
COD
Explanation: 

Detailed explanation-1: -Jana Small Finance Banks Jana Small Finance Bank offers interest rates between 4.50% to 7% on various amounts. The interest rates with the are provided below, effective as of November 15, 2022. Interest is based on the day-end balances in the savings account.

Detailed explanation-2: -The options include traditional savings accounts, high-yield savings accounts, money market accounts, certificates of deposit, cash management accounts and specialty savings accounts.

Detailed explanation-3: -State Bank of India (SBI) Savings Account. 2.70% p.a. HDFC Bank Savings Account. 3.50% p.a. Kotak Mahindra Bank Savings Account. 3.50% p.a. DCB Bank Savings Account. 6.50% p.a. RBL Bank Savings Account. 6.00% p.a. IndusInd Bank Savings Account. 5.00% p.a. ICICI Savings Bank Account. 3.50% p.a. 12-Jan-2023

There is 1 question to complete.