Question

In State Bank of India there is the bank account of Rakesh who has to the type of

account in which he can deposit the amount of money and withdrawn the amount of money

with no limit and such account is being opened by the Rakesh for the purpose of business.

On the other day his mother has open the type of account where she can conveniently

deposit the money she saves. She has got check facility and lot of flexibility for deposit and

withdrawal where as Rakesh sister Rajni opened the bank account where she will deposit

rupees 4000 per month for the next two years.

In the context of above case

A) Identify the various types of bank account used by Rakesh and is family.

B) Explain the two types of account
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Answer 1

Answer:

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