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Question

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


Solution

1. Saving account encourages savings habit among people who have fixed income especially good job holders.
2. Saving account provides facilities such as Electronic fund transfer etc.
3. The Savings bank offer lot of services to the saving account holders.
4. Urgency fund required can be take through anywhere by ATM's.

Fundamentals of Accounting and Auditing

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