Question

State whether the following statement is True or False.

The saving bank deposit can be opened with a small amount. 

विकल्प

• True

• False

Answer 1

The savings bank deposit can be opened with a small amount. – True
Explanation: The above statement is true. A savings bank deposit can be opened with a small amount as specified by the banks. These accounts are generally opened by salaried people who wish to save a proportion of their income. A nominal amount of interest is paid on these deposits.