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प्रश्न
Meena wants to deposit her surplus money in the bank for a higher rate of interest. Keeping in view Meena’s requirement, suggest the type of bank account she should open. Mention any one feature of the account suggested by you.
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उत्तर
Meena should open a fixed deposit account.
Reasons for suggesting fixed deposit account are:
- It leads to tax savings.
- There are assured returns on maturation of the amount.
- It has a higher rate of interest compared to other types of accounts.
- Loan against fixed deposit can be taken in emergency situations.
Feature of a Fixed Deposit Account:
Higher Interest Rate: Fixed Deposit accounts offer a higher rate of interest compared to regular savings accounts. The interest rate is usually fixed for the duration of the deposit, ensuring guaranteed returns at maturity.
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