Banking Awareness - Types Of Bank Accounts
What is the main point of difference between a Salary Account and a Regular Savings Account?
What is the main point of difference between a Salary Account and a Regular Savings Account?
easy Q12 of 15
Step-by-Step Solution
Step 1: Identify the linking condition.
Salary accounts are linked to employer salary credit.Step 2: Compare with savings account.
Regular savings accounts have no salary condition.Final Answer:
Salary account depends on regular salary credit → Option BQuick Check:
No salary credit = salary account converts to savings ✅
Quick Trick: Employer credit condition = Salary Account.
Common Mistakes:
- Assuming salary accounts never convert to savings.
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