Why do we save money in a bank?

1.	Why do we save money in a bank?
Answer» Money kept at home does not earn interest. But, money kept in a bank account does. If you keep money in the bank it wili grow. In the villages, poor peoples incomes are irregular and unpredictable. You have to cope with a bad crop season, loss of employment, illness or death in the family. You also need money for marriages and festivals. Saving money in a bank account helps you smoothen your income. Money is safe in bank, please check, if the bank in which you intend to keep your hard earned money is licensed, please do not share bank account details with anybody. Protecting your bank acount is as important as opening and using it.

Answer»

Money kept at home does not earn interest. But, money kept in a bank account does. If you keep money in the bank it wili grow. In the villages, poor peoples incomes are irregular and unpredictable. You have to cope with a bad crop season, loss of employment, illness or death in the family. You also need money for marriages and festivals. Saving money in a bank account helps you smoothen your income.

Money is safe in bank, please check, if the bank in which you intend to keep your hard earned money is licensed, please do not share bank account details with anybody. Protecting your bank acount is as important as opening and using it.

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