Terms Beginning With 'l'

Linked Savings Account

  • January 22, 2020
  • Team Kalkine

A linked savings account is a type of savings account that is linked to a different account, for instance negotiable order of withdrawal (NOW), by its account number. By holding a linked savings account, the customer can keep most of the funds in the savings account and as per requirement can transfer money over into the demand account.

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