Which among the following statements is not true about Savings bank deposits? O I t is meant for small income groups OInterest is allowed on the credit balance of this account. O It promotes the habit of thrift among depositors There is no restriction on the amount that can be withdrawn at a particular time

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Which among the following statements is not
true about Savings bank deposits?
It is meant for small income groups
O Interest is allowed on the credit balance
of this account.
O It promotes the habit of thrift among
depositors
O There is no restriction on the amount
that can be withdrawn at a particular
time
Transcribed Image Text:Which among the following statements is not true about Savings bank deposits? It is meant for small income groups O Interest is allowed on the credit balance of this account. O It promotes the habit of thrift among depositors O There is no restriction on the amount that can be withdrawn at a particular time
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