📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Which type of account is specifically designed for the

    purpose of encouraging savings among minors in India?
    A Fixed Deposit Account Correct Answer Incorrect Answer
    B Recurring Deposit Account Correct Answer Incorrect Answer
    C Savings Bank Account Correct Answer Incorrect Answer
    D Minor's Savings Account Correct Answer Incorrect Answer

    Solution

    Minor's Savings Account is a type of account designed for minors in India to encourage savings. It is usually operated by a guardian until the minor reaches a certain age.

    Practice Next
    ask-question