BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Checking and Savings
|
|
|
Checking and Loans
|
|
|
Savings and Loans
|
|
|
Debit and Credit
|
Detailed explanation-1: -Ans. The different types of bank accounts are – Savings Account, Current Account, Recurring Deposit Account, Fixed Deposit Account, DEMAT Account, NRI Account.
Detailed explanation-2: -Some allow you to spend or pay bills, while others are designed for short-or long-term savings. The most common types of bank accounts include: Checking accounts. Savings accounts.
Detailed explanation-3: -A checking account is a bank account you can write checks from, or access several other ways, which tends to make it your go-to, daily transaction bank account. A savings account is where you stash funds that you aren’t ready to use yet, often with the goal of accumulating more.
Detailed explanation-4: -Regular and Money Market accounts, Certificates, and other plans available. Most credit unions offer at least one of the following accounts: free checking, prime-time checking, or interest-bearing checking. A wide variety of loan types including personal, auto, secured, home improvement, mortgage and credit cards.