Banking Awareness - Types Of Bank Accounts
If salary credit stops for a long period, a salary account usually gets converted into which account?
If salary credit stops for a long period, a salary account usually gets converted into which account?
easy Q13 of 15
Step-by-Step Solution
Step 1: Identify the situation.
The account no longer receives salary credit.Step 2: Recall bank practice.
In such cases, salary accounts are converted to normal savings accounts.Final Answer:
Regular Savings Account → Option AQuick Check:
No salary credit = normal savings rules apply ✅
Quick Trick: No salary credit means no salary account benefits.
Common Mistakes:
- Assuming salary account remains zero-balance forever.
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