Question

what are the different types of deposits ?​

Answer 1

Answer:

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Answer 2

Explanation:

deposit account is an account at a bank or credit union that allows you to safely deposit and withdraw your money. The most common deposit accounts are savings and checking. Deposit accounts fall into two major categories: demand deposits and time deposits. With demand deposit accounts, you can withdraw money at any time without gaining permission from the bank or credit union, up to the full amount of your savings.

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

Savings Bank Account

Current Deposit Account

Fixed Deposit Account

Recurring Deposit Account