Scribd
Upload
247 views1 page

5.4 Types of Bank Deposits

The document discusses different types of bank deposit accounts offered in various countries. It outlines 3 main types of accounts typically offered: current accounts, savings accounts, and term/fixed deposit accounts. It then lists additional specialized savings accounts that may be offered targeting specific demographics like home savings, school savings, women's savings, and more. The document also contrasts the retail and wholesale deposit account types found in Western countries, with wholesale accounts meant for institutional clients.

Uploaded by

Tawseef
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
247 views1 page

5.4 Types of Bank Deposits

The document discusses different types of bank deposit accounts offered in various countries. It outlines 3 main types of accounts typically offered: current accounts, savings accounts, and term/fixed deposit accounts. It then lists additional specialized savings accounts that may be offered targeting specific demographics like home savings, school savings, women's savings, and more. The document also contrasts the retail and wholesale deposit account types found in Western countries, with wholesale accounts meant for institutional clients.

Uploaded by

Tawseef
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

77 Bank Nlanagernent-A Fund Emphasis

10. Economic Condition: The increase and decrease in deposit , depends on the
e
condition of the country and the command area in particular. In bad" economic cno,,_
amount of deposit reduces greatly while in "good" economic situation, the amouritu'l_t■on,
will increase. ofdeposit

5.4 Types of Bank Deposits

5.4.1 Types of Deposit Accounts in Asian Countries

There are variations in the needs and demand of the people. It is almost impossible for banks to sat.
all these diverse demands with a single type of account. That's why banks generally offer the folloZY 8
types of accounts to satisfy customers' demand. :
I. Current Account.
2. Savings Account
3. Term or Fixed Deposit Account Besides these three types of
accounts, banks may also offer the following types of accounts:
4. Home Savings Account 3. School Savings Account
6. Women's Savings Account
7. Laborers' Savings Account
8. Insurance Savings Account
9. Foreign Exchange Savings Account
10. Post Office Savings Account
11. Deposit Pension Scheme Account
12. Loan Deposit Account
13. Recurring/ Repeated Deposit Account on maturity

5.4.2 Types of Deposit Accounts in the Western Countries

USA, Canada, Australia and other western countries have different types of deposit accounts
according to the various needs of depositors. These deposit accounts can be divided into two types
according in the types and characteristics of the depositors:

1. Wholesale Deposit Accounts


2. Retail Deposit Accounts

These two types of deposit accounts can be hinted below:

1. Wholesale Deposit Accounts: This type of deposit account is mainly opened by jheial
institutional deposit clients. For example, deposits kept in the banks b y court e'''
organizations, government organizations and financial institutions etc.

You might also like