Banking Awareness - Types Of Bank Accounts
Which account is most suitable for a person with irregular income and very low transaction needs?
Which account is most suitable for a person with irregular income and very low transaction needs?
medium Q10 of 15
Step-by-Step Solution
Step 1: Identify income and usage pattern.
The person has irregular income and minimal transactions.Step 2: Match with account purpose.
BSBDA is designed for such low-usage individuals.Final Answer:
Basic Savings Bank Deposit Account → Option BQuick Check:
Irregular income + basic needs = BSBDA ✅
Quick Trick: Low income and low usage always point to BSBDA.
Common Mistakes:
- Choosing salary account despite no salary linkage.
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