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A salary account is best described as which type of account?

medium Q5 of 15
Banking Awareness - Types Of Bank Accounts
A salary account is best described as which type of account?
AA savings account with special privileges
BA current account for salaried employees
CA mandatory RBI inclusion account
DA fixed tenure deposit account
Step-by-Step Solution

  1. Step 1: Identify the base account type.

    Salary account is fundamentally a savings account.

  2. Step 2: Add distinguishing feature.

    It offers special benefits like zero balance.

  3. Final Answer:

    A savings account with special privileges → Option A

  4. Quick Check:

    Salary account = savings account variant ✅
Quick Trick: If it earns savings interest, it’s a savings variant.
Common Mistakes:
MISTAKES
  • Classifying salary account as a current account.
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