Question

What is your perception why banks offer different kinds of bank accounts?​

Answer 1

Explanation:

Different Types of Bank Accounts

Bank Accounts are classified into four different types. They are,

1) Current Account.

2) Savings Account.

3) Recurring Deposit Account.

4) Fixed Deposit Account.

Answer 2

Different types of bank accounts serve different needs. It's wise to put money into the best account type for your financial goals so you get access to the right tools for spending and saving. Doing so allows you to maximize the return from your bank, minimize fees, and manage your money conveniently.