Question

(2) How many major types of deposits exist in banks in India ?
(a) 2
(b) 6
(c) 10
(d) 3​

Answer 1

Answer:

4

Explanation:

Traditionally in India, we have four major types of Bank Deposits, namely Current Account, Savings Accounts, Recurring Deposits and Fixed Deposits, each with varying advantages

Answer 2

FOUR major types of deposits exist in banks in India . They are :-

♥ Current Account

♥ Savings Accounts

♥ Recurring Deposits

♥ Fixed Deposits