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.

Explanation

1 Rakesh's A/c - Current Account
Rakach's Mother's Account - Saving Account
Rakash's Sister's Account - Recurring .
(2. Other two types of Accounts are
(a) Fixed deposit Account
(b) Multiple option Account