Banking Awareness - Types Of Bank Accounts
Which special account category usually offers higher interest rates on deposits?
Which special account category usually offers higher interest rates on deposits?
easy Q12 of 15
Step-by-Step Solution
Step 1: Recall special benefits.
Banks provide extra benefits to certain customer groups.Step 2: Identify the group receiving higher interest.
Senior citizens are offered preferential rates.Final Answer:
Senior Citizen Account → Option BQuick Check:
Extra interest benefit = Senior Citizen Account ✅
Quick Trick: Higher FD/SA interest usually points to senior citizens.
Common Mistakes:
- Thinking student accounts earn higher interest.
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