Banking Awareness - Types Of Bank Accounts
Which of the following accounts generally does NOT earn any interest on the balance maintained?
Which of the following accounts generally does NOT earn any interest on the balance maintained?
easy Q12 of 15
Step-by-Step Solution
Step 1: Recall interest features.
Savings, FD, and RD accounts earn interest.Step 2: Identify the exception.
Current accounts do not pay interest.Final Answer:
Current Account → Option BQuick Check:
No interest on deposits = Current Account ✅
Quick Trick: No interest means current account.
Common Mistakes:
- Assuming all deposit accounts earn interest.
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