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Types of Bank Account | IndianMoney.com | Sana Ram

Banks offer different types of accounts like a savings bank account, current accounts, FD accounts, RD accounts and so on. These accounts are customized to suit the needs of different types of investors. Different types of bank accounts allow customers to meet financial goals and provide them with a means to carry out banking functions easily.

Choosing the right type of bank account is important as it helps manage money easily. For example, a business entity must open a checking account for facilitating day-to-day transactions. A savings account will not give the required flexibility to conduct business transactions.

 
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