Identify the type of bank account to be opened by B. Current Deposit Account Saving Deposit Account Recurring Deposit Account Fixed Deposit Account
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Types Of Deposit and Accounts
If you have ever opened an account in any of the banks in India, then you must be aware of the fact that there are many kinds of deals and features that the banks offer us. These deals are meant to attract different kinds of customers with different needs. In the following section, we will see what these different deals are. We will also know which types of deposit and accounts are suitable for what people. Let us see more!
Types Of Deposit and Accounts
Money and banking are part of everyday life. Banks offer all sorts of financial products to help you manage your money on a day-to-day basis. The bank is such a place where once we deposit money, it remains safe and also earns interest over some time. This is known as the deposit and to each deposit, the bank assigns a unique identity which is known as the account. Each deposit corresponds to a unique account and vice versa.