Answer / Amit Kumar Pandey

The following are the main types of accounts in banks:
1. Checking Account: A primary account for daily transactions, allowing deposits and withdrawals.
2. Savings Account: An interest-bearing account that encourages regular savings.
3. Time Deposit Account (Term Deposit): An account with a fixed deposit amount and tenure, usually earning a higher interest rate.
4. Current Account: A type of business account used for day-to-day operations.
5. Fixed Deposit Account: An account where the deposit is locked in for a specific period.
6. Demat Account: A type of account used for holding and trading shares electronically.

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