Question

Select the proper option from the options given below and rewrite the completed sentence.
The account suitable for creating a saving habit is ________.

Options

• Current account

• Recurring deposit account

• Saving account

Answer 1

The account suitable for creating saving habit is savings account.
Explanation:
A savings account is an account that caters to the needs of those individuals who wish to save a part of their incomes and earn interest on the amount saved. As this account does not allow customers to make frequent withdrawals from their accounts, it promotes the habit of saving among them.