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Types of bank Account

Bank accounts help you keep your money safe. At the same time, they also help you compound your investment or savings by allowing you to earn interest on your deposits.

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Types of bank Account

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  1. TYPES OF BANK ACCOUNT SAVINGS ACCOUNT These are deposit accounts meant to help consumers save their money. They provide interest for money deposited CURRENT ACCOUNT Current accounts are mostly business accounts where money is frequently transferred between financial accounts. SALARY ACCOUNT These accounts are opened by banks upon the request of big corporations and businesses that pay their employees through banks. NRI ACCOUNT These accounts are opened by non- resident Indians who wish to maintain a financial bank account in India. FIXED DEPOSIT ACCOUNT These accounts are opened to earn interest on deposits for a fixed period of time until maturity. www.bankofmaharashtra.in

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