What is bank account and types of bank account (What Is Bank Account In Hindi)

Type Of Bank Account In Hindi: In today’s article we will tell you that what is a bank account, Bank account Why? required Is, Bank account how many type Of would have Huh , Bank In account How open up And Bank account Of advantages And Harm what Is,

By the way, in today’s time every people have a bank account, because today Internet In the world, the process of opening a bank account is now very simple. If we talk about earlier times, many verifications had to be done to open an account in the bank, due to which it used to take a lot of time to open a bank account. But today you can open your bank account with basic documents in few minutes.

Our aim of writing this article is that you should get all kinds of useful information related to bank account which will always be useful for you. That’s why read this article till the end.

So let’s start today’s article without taking much of your time and know more What is bank account In Hindi.

What is bank account and types of bank account (What Is Bank Account In Hindi)

What is bank account (What is Bank Account in Hindi)

Bank account or bank account is a financial account provided by banks, in which Bank And the record of all the transactions between the customer and the customer is recorded. To avail any kind of facility of the bank, it is necessary to have a bank account.

Through the bank account, the customer can avail banking services from anywhere. A person becomes a customer of a bank only through a bank account. bank government and Central bank ,RBI) follow the guidelines of

Why bank account is necessary

A bank account is very important for keeping your money safe and for doing money transactions.

Suppose you want to send money from Delhi to Tamil Nadu in India, if you do not have a bank account then you cannot send money. Similarly, to receive money from any other city, it becomes necessary to have a bank account. Through bank account, you can do money transactions in foreign countries also.

Just imagine if all this was possible if you didn’t have a bank account? Are you ATM Withdraw money, can you pay bills online, can you do online shopping. For all this it is very important to have a bank account.

Apart from this, you can keep your money safe in electronic form in the bank account. If you kept currency at home, there would have been problems like theft, cutting, tearing etc., but having a bank account, you are free from all such problems.

So now you must have understood why it is necessary to have a bank account. Let us now also know about the type of bank account.

Types of Bank Account

There are mainly four types of bank accounts –

  • Saving Account
  • Current Account
  • Fixed Deposit (FD) (Fixed Deposit)
  • Recurring Deposit (RD)

let’s know now , In detail about the different types of accounts that can be opened in the bank.

#1 – Saving Account (Savings Account)

As it is clear from the name itself, Saving Accounts are opened in the bank to save money. At the time of opening a savings account, the account holder has to deposit a certain amount fixed by the bank in his account, so that the account holder’s savings account can be opened. Account opening balance may vary in different banks. Usually this amount ranges from Rs.100 to Rs.1000.

On opening a Savings Account, the account holder gets many facilities from the bank, such as Debit Card, Credit Card, net banking, passbook, Cheque Book e.t.c.

Cash flow in Saving Account is very slow. Meaning that there is a huge difference in the rate of depositing and withdrawing money in it. Customers deposit more money in savings account and withdraw less. On depositing money in the savings account, interest is also given to the account holder by the bank.

There is a limit to withdraw money in Saving Account, if you withdraw money more than the limit, then the bank imposes additional charges on you. Along with this, the account holder has to maintain minimum balance in his savings account, otherwise the bank imposes minimum balance charge on the account holder.

#2 – Current Account (current account)

Current Account is opened in the bank for regular transaction of money. In most of the banks, you do not have to pay any kind of account opening fees for opening a current account.

On opening a Current Account, the account holder gets many other facilities along with the facilities available in the Savings Account, such as mobile banking, overdraftDirect Debit etc.

Cash flow is fast in Current Account, meaning that the rate of depositing and withdrawing money remains almost the same in Current Account. Almost as much money is deposited in the current account of the customer, almost that much money is also withdrawn by the customer.

In Current Account, no interest is paid by the bank to the account holder. mostly businessFirms and institutions open current accounts.

#3 – Fixed Deposit Account (Fixed Deposit Account)

Fixed Deposit Account Or FD is called such a bank account in which the account holder can deposit money only once and withdraw money only once. These types of accounts are opened for the purpose of earning profit in the long run.

In FD account, you deposit a fixed amount in the bank for a fixed time period and when that time period is over, you can get the money you deposited with interest. If you withdraw money before the stipulated time period, then the bank imposes a penalty on you.

Interest is the highest on Fixed Deposit Account, because as soon as money is deposited in FD, interest starts on the entire amount.

If you have a large amount of money that you want to save, then FD can be a good option for you.

#4 – Recurring Deposit Account (Recurring Deposit Account)

Recurring Deposit Account Or RD is called such a bank account in which the account holders deposit a fixed amount in the bank every month for a fixed time period. And after the time period is over, you can get your money with interest.

The interest rate in RD account is lower than that of FD, because money is deposited in RD gradually, due to which interest on money also starts slowly.

If you open RD account for a long time, then you get good returns from it. RD is the best option for those people who work on monthly salary and want to save some money for their future.

How to open bank account

Before opening a bank account, make sure that in which bank you have to open your account. You should always open an account in the same bank whose branch is near you.

After selecting the bank, you also decide what type of account you want to open. According to your capital and requirement, you can open any type of bank account out of the above 4 types.

After that visit the nearest branch of the bank and fill the application form for opening a bank account and submit the application form along with the necessary documents. After completing this process, you will get the passbook from the bank. And in this way your account will be opened in the bank.

If you want, you can also open a bank account online by downloading the bank’s app through mobile. Within 5 to 7 days after opening online bank account passbookDebit Card, Check etc. will reach you.

Documents required for opening a bank account

You will need the following documents to open a bank account.

These are the basic documents for opening any bank account, in addition to these some other documents may be required for opening all types of bank accounts.

Advantages of Bank Account (Advantage of Bank Account in Hindi)

The customer gets many benefits of having a bank account, some of which are the following –

  • Having a bank account keeps your money safely deposited in the bank.
  • After opening a bank account, the bank provides many facilities to the customers. (Like – Debit and Credit Card, Cheque, Passbook, Net Banking etc.).
  • With the help of a bank account, you can deposit and withdraw money from anywhere in the bank.
  • The bank also gives you interest on the money deposited in the bank account.
  • There is no risk of theft of money.
  • Money can be transacted in foreign countries also through bank account.
  • Even if you do not have notes in your pocket, you can make purchases through net banking.
  • upi Online bill payment, mobile recharge from home, Shopping etc. can be done.
  • Through ATM you can withdraw money from any corner of the country.

Disadvantage of Bank Account

On one hand there are many advantages of bank account, on the other hand there are some disadvantages like –

  • The bank takes some additional charges from the customers in return for its convenience.
  • sometimes bank Server Due to the problem in the transaction of money is not possible.
  • Customers cannot transact more money than the limit in the bank account.
  • There is also a limit to withdraw money from the ATM machine, if the customer withdraws more money from the ATM than the limit, then additional charges are imposed by the bank on the customers.
  • If the details of your bank account are with any other person, then there is a risk of money being stolen.
  • Your money is monitored by the government.

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Common questions related to bank account

What is current account?

Current account is such a bank account which is opened for money transactions in its business. The purpose of this type of account is neither to earn profit nor to save money.

How many bank accounts can a person have?

It is your choice, you can open any number of bank accounts. There is no such rule in income tax that a person should have fixed bank accounts.

Does current account earn interest?

No, there is no interest of any kind in the current account. These accounts are opened for business, firm, organization etc. There is no limit for depositing and withdrawing money in this.

Which bank account gives the highest interest?

The highest interest is available in Fixed Deposit Account.

You have learned: What is bank account in Hindi

Through this article we told you that Bank account what is, Bank account how many type Of would have Huh, Bank account Why? required Is And Bank account to open Of advantages And Harm what Is, If you do not have an account in any bank yet, then you must open a bank account because it is very important at present and will always be useful to you.

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