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Initially, there were only four types of bank accounts that were operating in India. These included the Current Account, Savings Account, Recurring Deposit Account and Fixed Deposit Account. But later with the advancement in the banking sector, various other types of bank accounts were introduced.
Know the different types of bank accounts, ranging from current accounts to salary accounts. The key differences between different types of bank accounts.
Jan 23, 2024 · For those preparing for banking exams or interested in finance, it’s recommended to explore the following sections on banking awareness to learn more about the different types of bank accounts available in India.
Banks operating in India fall under four categories: private banks, public sector banks or nationalized banks, foreign banks and cooperative banks. All four of these...
Dec 22, 2023 · Recurring Deposit Account. A Recurring Deposit (RD) Account allows you to deposit a fixed amount every month for a predetermined period. You earn interest at a rate similar to that of Fixed Deposits. This type of account is suitable for individuals who want to save a part of their income regularly.
Aug 16, 2023 · There are 4 types of bank accounts - Current Account, Savings Account, Fixed Deposit Account and Recurring Deposit Account. Where can I get all the information on Different Types of Bank Accounts? The details on Different Types of Bank Accounts are mentioned in the space above.
1. Savings Account. When you search how many types of bank accounts are there, the most common type is the Savings Account. As the name suggests, this account is used for depositing funds and you also earn some interest depending on the time you leave the funds in your account.
Oct 18, 2023 · The types of bank accounts in India are Savings account, current account, recurring deposit account, NRI Account, Fixed deposit account, and demat account. The different types of bank accounts are mentioned below.
Nov 23, 2023 · The different types of bank accounts offered by Indian banks are savings account, current account, salary account, and NRI accounts. This article covers the different types of bank accounts in India in detail.
You can choose from different types of accounts to hold your money securely. Let’s check out the different types of accounts for your savings. 1.Basic Savings Account. A Basic Savings Account is a simple type of account that you can open with a financial institution. It simply serves the purpose of holding your money in a secure space.
