How many types of accounts are there in HDFC Bank?

With each of our Savings Accounts - Savings MAX Account, Regular Savings Account, Senior Citizens Account, Women's Savings Account and DigiSave Youth Account- you can enjoy exclusive Debit Card and Insurance benefits.

What are the 4 types of bank accounts?

Different Types of Bank Accounts in India

Current account. A current account is a deposit account for traders, business owners, and entrepreneurs, who need to make and receive payments more often than others.
Savings account.
Salary account.
Fixed deposit account.
Recurring deposit account.
NRI accounts.

Which type of account in HDFC is best?

What are the 7 types of accounts?

List of Top 7 Types of Accounting

Financial Accounting. It even includes the analysis of these financial statements.
Project Accounting.
Managerial Accounting.
Government Accounting.
Forensic Accounting.
Tax Accounting.
Cost Accounting. Cost Accounting.

What are the 3 types of savings accounts?

While there are several different types of savings accounts, the three most common are the deposit account, the money market account, and the certificate of deposit. Each one starts with the same basic premise: give your money to the bank and in return the money will earn interest.08-Mar-2019

What are the 5 basic accounts?

The 5 Account Types

Assets.
Liabilities.
Expenses.
Income (Revenue)
Equity.

What are the 3 main bank accounts?

The most common types of bank accounts include: Checking accounts. Savings accounts. Money market accounts (MMAs)25-Jul-2022

Which type of account is best?

Retirement Accounts These are the best types of bank accounts for saving for retirement because they allow you to invest your money in the stock market, which creates the potential for greater returns than you could get on deposits in other types of bank accounts.24-Oct-2021

What are the 6 types of savings accounts?

Here are some of the variations of Savings Accounts you can find at any bank:

Regular Savings Account.
Zero Balance or Basic Savings Account.
Women's Savings Account.
Kids' Savings Account.
Senior Citizens' Savings Account.
Family Savings Account.
Salary Account – Salary Based Savings Account.

Which type of HDFC account is zero balance?

HDFC Bank Savings Account

What is the minimum balance in HDFC?

Minimum Balance Requirements

Which policy is best in HDFC?

Different Kinds of Life Insurance Policies Offered by HDFC Life:

What are the 2 main types of accounts?

3 Different types of accounts in accounting are Real, Personal and Nominal Account. Real account is then classified in two subcategories – Intangible real account, Tangible real account.

What are the six basic accounts?

The six basic types of accounts used in a typical accounting system, according to Wikipedia are:

asset accounts.
liability accounts.
equity accounts.
revenue or income accounts.
expense accounts.
contra accounts.

Which is personal account?

Ledger accounts that contain transactions related to individuals or other organizations with whom your business has direct transactions are known as personal accounts. Some examples of personal accounts are customers, vendors, salary accounts of employees, drawings and capital accounts of owners, etc.

What are the 4 types saving?

Four kinds of savings

The Emergency Fund. This is your "Do Not Touch"fund.
The "I can touch"fund. This is for things you know are going to happen, but just not every month.
"I know what I want, I just need to pay for it"fund. This kind of savings is for a specific goal or purchase.
Long-term savings.

Which type of savings is best?

1. Emergency fund. An emergency fund is the first and most important type of savings account you should have. Emergency funds protect you from surprise expenses, job losses, or other disasters that you need money to handle.23-Apr-2021

Which savings method is best?

The following are the 10 best savings plans to invest in 2022.

National Savings Certificate.
Senior Citizen Savings Scheme.
Recurring Deposits.
Post Office Monthly Income Scheme (MIS)
Public Provident Fund (PPF)
KVP (Kisan Vikas Patra)
Sukanya Samriddhi Yojana (SSY)
Atal Pension Yojana.

What are the 7 books of accounts?

Books of Accounts for Businesses Engaged in Sales of Goods or Properties

General journal.
General ledger.
Cash receipt journal.
Cash disbursement journal.
Sales journal.
Purchase journal.

What is the T account?

A T-account is an informal term for a set of financial records that use double-entry bookkeeping. It is called a T-account because the bookkeeping entries are laid out in a way that resembles a T-shape. The account title appears just above the T.

How many types accounts are there?

There are generally two types of bank accounts: current accounts and savings accounts. Both provide available liquidity (you can deposit and withdraw money at any time), are easy to open with your ID, and earn very low or zero interest. However, they also have significant operational capacity.

How many types of accounts are there in HDFC Bank?