How many types of banking accounts
Mainly there are four types of bank accounts. They are
Fixed or terms deposit
Savings deposit
Current deposit or current a/c
Recurring deposit or a/c
Savings deposit
Current deposit or current a/c
Recurring deposit or a/c
open cash credit account
foreign curreny non resident a/c
escrew a/c
Savings account
• Transactional account
• Joint account
• Low-cost account
• Time deposit / certificate of deposit
• Numbered bank account
• Negotiable Order of Withdrawal account
• Automatic transfer service account
• Money market deposit account
• Individual Savings Account
• Tax-Exempt Special Savings Account
• Transaction deposit
• Nostro and vostro accounts
• personal account
• Overdraft Free Account
These are all kinds of accounts found. But all are not
popular. For more information refer to wikipedia.org. You
will find all the answers.
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