Multiple choice general knowledge

Broadly,How many types of Accounts existed in Banking System?

  1. 4

  2. 5

  3. 3

  4. 2
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A Correct answer
Explanation

In banking systems, the four main types of accounts commonly recognized are Savings Accounts, Current Accounts, Fixed Deposit Accounts, and Recurring Deposit Accounts. This classification is particularly relevant in the Indian banking context.

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