Question

Explain the different types of deposits ?

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Answer 1

Answer:

Types of Deposits

Savings Bank Account.

Current Deposit Account.

Fixed Deposit Account.

Recurring Deposit Account.

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Answer 2

Hey mate !!

Here is ur Answer ⤵️

Q- Explain the different types of deposits ?

Ans -

Types of Deposits :

On the basis of purpose they serve, bank deposit accounts may be classified as follows:

1 Savings Bank Account

2 Current Deposit Account

3 Fixed Deposit Account

4 Recurring Deposit Account

Hope it helps you ✔️

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