Question

what do you mean by bank? discuss various types of bank accounts?​

Answer 1

Answer:

A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. There are several different kinds of banks including retail banks, commercial or corporate banks, and investment banks.

Various Types of Bank Accounts

• Current account. A current account is a deposit account for traders, business owners, and entrepreneurs, who need to make and receive payments more often than others.....
• Savings account......
• Salary account......
• Fixed deposit account......
• Recurring deposit account......
• NRI accounts.....

Answer 2

A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. There are several different kinds of banks including retail banks, commercial or corporate banks, and investment banks.

Various Types of Bank Accounts

• Current account.
• Savings account
• Salary account
• Fixed deposit account
• Recurring deposit account
• NRI accounts.