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Which account variant allows maintaining zero minimum balance under specific conditions?

medium Q6 of 15
Banking Awareness - Types Of Bank Accounts
Which account variant allows maintaining zero minimum balance under specific conditions?
AFixed Deposit Account
BSavings Account
CCurrent Account
DCash Credit Account
Step-by-Step Solution
  1. Step 1: Identify zero-balance account types.

    Zero-balance variants exist mainly in savings accounts.
  2. Step 2: Eliminate non-deposit accounts.

    FD and CC accounts do not offer zero-balance facilities.
  3. Final Answer:

    Savings Account → Option B
  4. Quick Check:

    Zero-balance feature = Savings Account variant ✅
Quick Trick: Zero balance usually points to savings account.
Common Mistakes:
  • Confusing zero-balance with current accounts.
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