BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Fixed deposits
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Current A/C deposits
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Recurring deposits
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Safe deposits
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Detailed explanation-1: -Fixed deposit Was this answer helpful?
Detailed explanation-2: -Traditionally, there are four types of bank deposits in India, which are-Current Account, Recurring Deposits, Savings Accounts, and Fixed Deposit Accounts. Each type has its advantages.
Detailed explanation-3: -Bank deposits consist of money placed into banking institutions for safekeeping. These deposits are made in current account, saving account, fixed account and recurring account. Current Account-A current account, also called a demand deposit account, is a basic checking account.
Detailed explanation-4: -Not covered by the bank secrecy law are investments which are not bank deposits or government securities such as corporate bonds, purchases of shares of stocks, purchases of receivables of business, and purchases of foreign exchange.