Bank Accounts are classified into four different types. They are, Current Account Savings Account Recurring Deposit Account Fixed Deposit Account Regular Savings Account Demat Account NRI Accounts 1. What is Current Account? Current record is primarily for business people, firms, organizations, open undertakings and so on and are never utilized for the motivation behind speculation or savings. These stores are the most fluid stores and there are no restrictions for number of exchanges or the measure of exchanges in multi day. While, there is no intrigue paid on sum held in the account, banks charges certain administration charges, on such records. The present records don't have any settled development as these are on ceaseless premise accounts. 2. What is Savings Account? Investment account is intended for sparing purposes. Any individual either single or together can open an investment account. The majority of the salaried people, retired people and