Bank Accounts and Types
Bank Accounts and Types
Various banks offer the facility of opening various types of accounts where a depositor can deposit the money. Depending upon the nature of account, deposited money can also be withdrawn according to the convenience of depositor.
On the basis of purpose they serve, bank deposit accounts may be classified as follows:
I. Demand Deposits:
Demand Deposits are the funds held in an account from which deposited funds can be withdrawn at any time without any advance notice to the depository institution. Demand deposits can be "demanded" by an account holder at any time. It can be classified as:
Savings Bank Account:
Savings account is primarily meant for people with limited means, who want to save money for future. In a savings bank account, there are normally no restrictions on the amount to be withdrawn as well as on the frequency of withdrawal. RBI has deregulated interest rates, and banks are now free to decide the same within certain conditions imposed by RBI. The interest on savings account is calculated on the minimum average balance between the 10th and last day of the month.
ATM password to be shared only with _______________________- | |||
| Right Option : D | |||
| View Explanation | |||
ATM password should be kept in _______________________ | |||
| Right Option : C | |||
| View Explanation | |||
A bank can refuse open an account on behalf of which of the following ? | |||
| Right Option : D | |||
| View Explanation | |||
Students / Parents Reviews [10]
It was a good experience with Abhyas Academy. I even faced problems in starting but slowly and steadily overcomed. Especially reasoning classes helped me a lot.
Cheshta
10thMy experience with Abhyas academy is very good. I did not think that my every subject coming here will be so strong. The main thing is that the online tests had made me learn here more things.
Hiya Gupta
8thA marvelous experience with Abhyas. I am glad to share that my ward has achieved more than enough at the Ambala ABHYAS centre. Years have passed on and more and more he has gained. May the centre flourish and develop day by day by the grace of God.
Archit Segal
7thIt has a great methodology. Students here can get analysis to their test quickly.We can learn easily through PPTs and the testing methods are good. We know that where we have to practice
Barkha Arora
10thIt was good as the experience because as we had come here we had been improved in a such envirnment created here.Extra is taught which is beneficial for future.
Eshan Arora
8thBeing a parent, I saw my daughter improvement in her studies by seeing a good result in all day to day compititive exam TMO, NSO, IEO etc and as well as studies. I have got a fruitful result from my daughter.
Prisha Gupta
8thMy experience was very good with Abhyas academy. I am studying here from 6th class and I am satisfied by its results in my life. I improved a lot here ahead of school syllabus.
Ayan Ghosh
8thAbout Abhyas metholodology the teachers are very nice and hardworking toward students.The Centre Head Mrs Anu Sethi is also a brilliant teacher.Abhyas has taught me how to overcome problems and has always taken my doubts and suppoeted me.
Shreya Shrivastava
8thAbhyas is a complete education Institute. Here extreme care is taken by teacher with the help of regular exam. Extra classes also conducted by the institute, if the student is weak.
Om Umang
10thMy experience with Abhyas is very good. I have learnt many things here like vedic maths and reasoning also. Teachers here first take our doubts and then there are assignments to verify our weak points.
