Understanding Banking Services and Accounts

What is a savings account similar to?

• A Piggy Bank

• A Wallet

• A Loan

• A Credit Card

Which type of account is best for frequent business transactions?

• Recurring Deposit

• Fixed Deposit

• Current Account

• Savings Account

What is the main purpose of a bank loan?

• To open a new account

• To earn interest

• To borrow money for goals

• To save money

How does a debit card work?

• It is used for saving money

• It adds money to your account

• It deducts money directly from your account

• It borrows money from the bank

What service allows you to manage your bank account online?

• Fixed Deposit

• Internet Banking

• ATM

• Recurring Deposit