There are four main types of bank accounts: current accounts that allow unlimited transactions but earn no interest; savings accounts that earn interest but have limits on transactions; fixed deposits that provide guaranteed interest for a fixed term with penalties for early withdrawal; and recurring deposits that allow regular deposits over a fixed term to earn interest. The document aims to inform people about these account types and which may be suitable based on individual needs.

1. Types of Bank Accounts
Presented by :
Mrs.Seema Mahajan
Asst. Prof. In Commerce
Pt.Mohan Lal S.D.College for Women
Gurdaspur

2. Learning objective
Objective is to tell you about various types of accounts
and facilities available therein and what type of
account is suitable as per your needs

4. Four Types of Accounts
 Current Account
 Saving Account
 Fixed Deposit
 Recurring Deposit