Complete guide of Bank account in INDIA
Types of Bank account in INDIA Dear Friends, There are multiple types of accounts provided by bank which caters to the various needs of the customers. Today we will go through the details and features of such accounts. 1. Savings Account: · This is the most common type of bank account. It is the sophisticated form of the Piggy bank which we all would have used in our childhood. Savings account allows us to withdraw or deposit money multiple times. There are some added facilities like ATM card, Cheque books, Withdrawal forms which help us to do monetary transactions. There are limited numbers of transactions available in savings account. · Savings account is generally used to keep our money in a bank. It earns us an interest of 4-6% per year. Most PSU banks give 4% interest but some private players have made the market better for customers by giving 6 to 7% interest (based on some conditions). · Most banks keep a minimum amount