Mr. Kabir Singh desires to have two benafits from his bank account-First, to earn higher
interest on balance and second, to face minimum risk of dishonouring a cheque. Which type
of account should be opended by him in Panjab National Bank?

Dhani Mani Bank is a private sector bank offering verious serices to its customers, It offers verious type of bank account options to its customers. Rakesh being a businessmen has chosen the type of account in which the deposite are the most liquid and there are no limit to the number of transactions or the amount of transactions in a day. On the other hand, his mother has opened a type of account where she can conveniently deposit the money whe saves. she has ot cheque facility and lot of flexibility for deposits and withrawal where as Rakesh's sister Reema opened the account where she will deposit Rs 2000 per mouth for next two years. In the context of the above case: 1 . Identify the verious type of bank acounts used by Rakesh and his family. 2. Decribe briefly two other types of accounts.