Kept with the bank can be deposited or withdrawn at convenience. can be directly credited to bank account through EBT. The wages / salary drawn can be directly credited to the account. What are the advantages of having bank account?Īns: One can open saving, recurring/ fixed deposit accounts. Thus the money could be saved in bank.Īns: Money kept in bank is safe, secure and trusted upon.
Sometime it may get stolen or we may be tempted to use the money. But we would always be worried about its safety. During the emergency only saving could help.Īns: The money is mainly kept at home in gullak. Marriage, purchasing farm seeds, purchasing own house, birth, illness, accident, death, naturalĬalamity, old age etc. Ans: When income is more than expenses, than we have surplus money known as saving.Īns: We should save regularly so that it can be used to meetexpenses/ exigencies for education,
