How would you differentiate between a post office savings account and a savings bank account?

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TuteeHUB · Accepted Answer

Passbooks are not issued by post offices

TuteeHUB · Answer

There is no cheque facility with post office savings accounts

TuteeHUB · Answer

There is no ATM of post offices

TuteeHUB · Answer

Banks can pay interest at rates decided by them while post offices have the fixed rate of interest as decided by the government

1.	How would you differentiate between a post office savings account and a savings bank account?
A.	There is no cheque facility with post office savings accounts
B.	There is no ATM of post offices
C.	Banks can pay interest at rates decided by them while post offices have the fixed rate of interest as decided by the government
D.	Passbooks are not issued by post offices
Answer» D. Passbooks are not issued by post offices

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