________ is maintained by depositors who wish to put away a part of their saving to copy with future needs which also helps them to earn an income on their saving.

recurring deposit account

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fixed deposit account

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savings bank account

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current bank account

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Solution

The correct option is C savings bank account
Saving bank account is maintained by depositors who wish to put away a part of their saving to copy with future needs which also helps them to earn an income on their saving.
So correct answer will be option C

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A coolie deposits Rs. 150 per month in his post office Saving Bank account. If this is 15% of his monthly income, find his monthly income.

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