मराठी

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.

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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. 

थोडक्यात उत्तर
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उत्तर

Meena should open a fixed deposit account.

Reasons for suggesting fixed deposit account are:

  1. It leads to tax savings. 
  2. There are assured returns on maturation of the amount. 
  3. It has a higher rate of interest compared to other types of accounts. 
  4. 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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