Types of Bank Accounts: Explained in Details
This topic is important for bank exams, as generally many questions are asked in bank exams and interview on bank accounts like what are different types of accounts in the bank, what is the difference between a current account and saving the account. So understanding this topic is very important. Various Types of Bank Accounts Saving Account Regular Savings Current Account Recurring Deposit Account Fixed Deposit Account DEMAT Account NRI Accounts 1) SAVINGS ACCOUNT:- a) Basic Savings Bank Deposit Accounts (BSBDA) This account will be considered as a normal banking service. For this account, maintenance of minimum balance is not required. ATM card/ ATM cum Debit card, Rupay card will be given for the account holders. There are going to be no limit on the number of deposits that can be made in a month but, account holders will be allowed most of 4 withdrawals in a month, which includes ATM withdrawals also. The above facilities will be given without any charge. There will be no cha