1.

“The number of saving bank account holders is increasing” Give reasons.

Answer»

The number of saving bank account holder is increasing because: 

1. Banks are the safe custody for depositing money. 

2. Depositing money in the banks is helpful to meet future requirements like children’s education and wedding expenses. 

3. Banks give interest to the deposits. 

4. Banks provide advances in loans for agriculture and business purposes etc.



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