Computers. to send an echo-request packet to (an IP address) and use the echo reply to determine whether another computer on the network is operational and the speed at which the data is being transferred. 3.
A savings account is the most basic type of bank account and is used by individuals (singly or jointly) to park money for carrying out various day-to-day financial transactions. These accounts do not have any maturity or end date, unless the customer specifically requests for a closure. Interest rates: Savings accounts give interest on the money deposited in them. The interest is calculated on the minimum balance kept in the account on a daily basis. But the interest earned on these accounts is not paid out quarterly instead of monthly. The interest rates applicable on these accounts vary from bank to bank. Earlier, the savings account rates were regulated by RBI at 4%. But after de-regulation in 2011, banks are now free to offer their own rates.
For example, one may utilize a savings account to save funds for an expensive purchase, such as a house or a car. Because most customers keep money in a savings account for a longer period than a checking account, a savings account pays a slightly higher interest rate. However, the interest rate is not as high as a bond or another low-risk investment. Generally speaking, one may not write a check on a savings account without paying a penalty.