Question

Which of the following type of account can be opened with bank?

• A. Current Account.
• B. Savings Account.
• C. Fixed Deposit Account.
• D. Any of the above.

Answer 1

Answer: (D)

Any of the above.

Depending upon the type of requirement a customer can open any of the given accounts with the bank.

Current Account is preferred by Business organisations;

Savings Account is preferred by salaried people;

FD Account is a form of investment instrument.

Percentage of interest fetched by these accounts will differ depending upon the type of account.