What are the 4 types of bank accounts?

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.

What are the 3 types of bank accounts?

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

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 is account type HS in Central Bank of India?

Home Saving Safe Accounts (H.S.S)

What are the 5 basic accounts?

The 5 Account Types

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

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.

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. Also, three different sub-types of Personal account are Natural, Representative and Artificial.

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 2 basic bank accounts?

BASIC BANKING ACCOUNTS In practice, these accounts are checking or savings accounts.18-Apr-2022

What are the six basic accounts?

Here are some accounts and sub-accounts you can use within asset, expense, liability, equity, and income accounts.Equity accounts

• Owner's Equity.
• Common Stock.
• Retained Earnings.

What are the 10 types of accounting?

Take a look at 10 types of accountants who focus on more than taxes.

• Staff Accountant.
• Certified Public Accountant.
• Investment Accountant.
• Project Accountants.
• Cost Accountant.
• Management Accountant.
• Forensic Accountant.
• Auditor.

What are the 9 types of accounting?

Here are the nine most common types of accounting:

• Financial accounting.
• Managerial accounting.
• Cost accounting.
• Auditing.
• Tax accounting.
• Accounting information systems.
• Forensic accounting.
• Public accounting.

What is bank account category?

Common account types include checking, savings, money market, CDs, IRAs and brokerage accounts.08-Dec-2021

What is NRO account type?

What is an NRO Account? A Non-Resident Ordinary (NRO) Account is a popular way for many Non-Resident Indians (NRIs) to manage their deposits or income earned in India such as dividends, pension, rent, etc. This account allows you to receive funds in either Indian or foreign currency.

What is CBS account type?

Core Banking Solution (CBS) is the networking of bank branches, which allows customers to manage their accounts, and use various banking facilities from any part of the world. In simple terms, there is no need to visit your own branch to do banking transactions.16-Nov-2022

What are the 3 rules of accounts?

Golden Rules of Accounting

• 1) Rule One. "Debit what comes in - credit what goes out." This legislation applies to existing accounts.
• 2) Rule Two. "Credit the giver and Debit the Receiver." It is a rule for personal accounts.
• 3) Rule Three. "Credit all income and debit all expenses."

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.

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.

What are the 3 main 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.08-Mar-2019

What are 3 types of savings plans?

There are different types of savings accounts to choose from, and they're not all alike. The options include traditional savings accounts, high-yield savings accounts, money market accounts, certificates of deposit, cash management accounts and specialty savings accounts.22-Sept-2022

What are the 4 types of bank accounts?