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

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Types of bank account

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