Banking Awareness - Types Of Bank Accounts
Which customer category generally receives preferential interest rates on fixed deposits?
Which customer category generally receives preferential interest rates on fixed deposits?
easy Q3 of 15
Step-by-Step Solution
Step 1: Recall special banking benefits.
Banks offer extra benefits to certain age groups.Step 2: Identify the beneficiary.
Senior citizens receive higher FD interest.Final Answer:
Senior citizens → Option CQuick Check:
Extra interest on FD = Senior citizen benefit ✅
Quick Trick: Higher FD interest usually means senior citizen.
Common Mistakes:
- Assuming students also get higher FD rates.
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