Question

explain four types of bank accounts​

Answer 1

Answer:

सेविंग.,............

Answer 2

Savings Account:

As the name suggests, the savings accounts can be opened by an individual or jointly by two people with an aim to save money. The main benefit of opening a savings bank account is that the bank pays you interest for opening this type of account with them.

Current Account:

The second type of bank account is the current bank account. These accounts are not used for the purpose of savings.

Recurring Deposit Account:

Recurring Deposit account or RD account is a form of account wherein the account holder needs to deposit a fixed amount every month until it reaches the fixed maturity date.

Fixed Deposit Account:

FD or a fixed deposit account is another type of bank account that can be opened in any Public or Private sector bank.

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