Opening a bank account is very useful:
(a) There is always a risk in keeping cash at home. The savings deposited in a bank account remain safe and free from risk.
(b) Payments can be made easily and safely by means of cheques. The cheques serve as evidence of payment in case of disputes.
(c) Account holders can obtain loans, overdraft and cash credits from banks.
(d) Banks offer lockers to their account holders on preferential basis.
(any three)