Survey of various types of bank accounts,rate of interest offered.
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4 types of accounts are operated by banks. They are :-
1. Savings account – Rate of interest between 4 to 6 %
2. Current account – No interest provided on such accounts.
3. Term deposit account – This gives the highest rate of interest upto 7 %
4. Loan account – This account is opened in name of borrower. Rate of interest varies depending on amount and period of loan tenure.
1. Savings account – Rate of interest between 4 to 6 %
2. Current account – No interest provided on such accounts.
3. Term deposit account – This gives the highest rate of interest upto 7 %
4. Loan account – This account is opened in name of borrower. Rate of interest varies depending on amount and period of loan tenure.
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