BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The usual deposit accounts of banks are
|
|
Current Accounts, Insurance Premium Account and Electricity accounts
|
|
|
Current Accounts, Post office Savings account and Term deposit accounts
|
|
|
Loan Accounts, Term Deposit accounts and Savings Account
|
|
|
Term Deposit accounts, Current Accounts and Savings Account
|
Explanation:
Detailed explanation-1: -Traditionally, there are four types of bank deposits in India, which are-Current Account, Recurring Deposits, Savings Accounts, and Fixed Deposit Accounts.
Detailed explanation-2: -Deposit products include savings accounts, checking accounts, certificates of deposit (CDs), and money market accounts. A checking account is a transactional account. It is designed for individuals to deposit money into it and take money out of it frequently.
Detailed explanation-3: -A savings account is a deposit account which allows limited transactions, while a Current Account is meant for daily transactions.
There is 1 question to complete.