Banking Awareness - Types Of Bank Accounts
Which scenario would most likely result in conversion of a salary account into a normal savings account?
Which scenario would most likely result in conversion of a salary account into a normal savings account?
hard Q8 of 15
Step-by-Step Solution
Step 1: Identify the trigger condition.
The account depends on regular salary credit.Step 2: Apply banking practice.
Long absence of salary credit removes salary account status.Final Answer:
Long gap in salary credit → Option DQuick Check:
No salary inflow = account reclassification ✅
Quick Trick: No salary credit for long = no salary account.
Common Mistakes:
MISTAKES- Assuming employer change automatically closes account.
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