Which type of account in HDFC is best?

Which type of account in HDFC is best?

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.

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?

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

Is HDFC a zero balance account?

Some variants of HDFC Bank Savings Account also offer features like unlimited cash withdrawals at ATMs and zero-balance maintenance requirement, which further adds to the appeal of a Savings Account..

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

What are 3 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 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 6 account types?

Types of accounts

• Asset accounts are used to recognize assets.
• Liability accounts are used to recognize liabilities.
• Equity accounts are used to recognize ownership equity.
• Revenue accounts are used to recognize revenue.
• Expense accounts are used to recognize expenses.
• Gain accounts are used to recognize gains.

What is a salary account?

Salary Package account is a special savings account offered to salaried customers which provide unique benefits and services, as well as seamless access to the most advanced and secure Net Banking and Mobile Banking services.

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 is the minimum balance in HDFC Bank?

Minimum Balance Requirements

What is classic account in HDFC Bank?

The HDFC Bank Classic Salary Account is a zero-balance account, offering customers the benefit of not having to maintain a minimum balance. Customers are granted a free Rewards debit card that comes with enhanced withdrawal and spending limit per day.

What is HDFC salary account?

By definition, a Salary Account is a type of Savings Account, in which the employer of the account holder deposits a fixed amount of money as 'salary' every month.

Does HDFC charges for low balance?

HDFC Bank charges a fee to the tune of ₹ 150-600 (excluding taxes) for insufficient balance in regular savings accounts held in its metro, urban and semi-urban branches.Rural Branches.

Which bank has lowest minimum balance?

IndusInd Bank - Indus Online Savings Account Any Indian citizen above the age of 18 years is eligible to open this savings account with no minimum balance. Transfer funds for free via NEFT, IMPS, and RTGS. Avail of WhatsApp banking services and a free passbook, chequebook, and debit card.

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 type of account in HDFC is best?