Today, our current topic about top 18 deposit account banking services. So let’s go ahead to know more. Convenience banks call services to their customers in different ways, as a service to the bank. We need the best service from the bank, on the other hand, a bank needs a lot of appropriate customers.
Without customers, a bank will no longer in their marketplace. Even without a bank, we can’t make any transaction that’s very necessary for us. However, in my previous article. I’ve discussed more Bankers and Customers relationship. A bank always helps us to continue our transaction.
Top 18 Deposit Account Banking Services
In this below, I will provide the accounts related services. Accounts related services involved with the best banking service. Such as, your current deposit account, fixed deposit account, special account, deposit with insurance benefit scheme, advance savings scheme and etc. Now follow these 18 deposit account banking services below. Also, here you can learn, what is Bank on the Basis of Organization Structure?
#1. Current Deposit Account Banking Service
The current deposit account service is most popular. Do you know what current deposit account is? However, through the deposit account, the customer can withdraw and deposit the money as many times as he wishes to call the current deposits account. There no interest is paid on current deposits. It is necessary to open such accounts by depositing at least $10 Dollar.
Businessman or industrialists usually open such accounts. The bank gives the depositor a chance to pay the depositary credit against current deposits. However, it was a short brief of current deposit account service. This current deposit account banking service also related to a Banks on the Basis of Ownership.
#2. Saving Deposit Account Banking Service
What is saving deposit account service? Generally, the deposit account that is opened to the bank for savings purposes is called Savings Deposit Account. As such account, you can deposit the money as often as you wish on a working day. But more than two times a week cannot be withdrawn the money. Interest on savings deposits is given at a lower rate. Such accounts are suitable for low-income people.
#3. Special Current Deposit Account Banking Service
Although the opening of the current deposits in the client’s bank, most of the time do not lift money in the same way and if there is a large amount of money deposited without lifting, they can be considered short-term deposit account for that period. At that time interest is not levied on the deposited money for that period. This special current deposit account service is important for special people.
#4. Fixed Deposit Account Banking Service
What is fixed deposit account service? This is one of the best parts of Banking Business. The deposit that is deposited for a certain period of time as the deposit is called the fixed deposit account service. Usually, it cannot be withdrawn from the account before the expiry of the term. Such a depositor receives a permanent deposit receipt. It can be withdrawn after the expiry of the receipt.
#5. Monthly Savings Scheme Account Banking Service
According to the project, the depositor deposits a fixed amount in the bank every month for a certain period also using monthly saving scheme account banking service. At the end of the term, the depositor gets a large amount of money back in time with interest and As such, loans can be made in contrast. Most people open this saving scheme account banking service.
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#6. Monthly Benefit Scheme Account Banking Service
Monthly income facility, together with a large amount of money, will be deposited for a specified period. In this monthly benefit scheme account banking service, the amount of money can be between $ 1000, $ 2500 and $ 5,000 dollar or more. Through such a project, the bank pays the depositor every month at the rate declared earlier, and after the expiry, the depositor returns only the principal money.
#7. Special Saving Scheme Account Banking Service
In such a savings scheme, a certain amount of money is kept for a fixed period of time. According to the bank announcement, in the expiration period will be paid twice, three. In such a case, the interest rates are typically comparatively higher in the special savings schemes like the term deposit.
#8. Deposit Pension Scheme Account Banking Service
Deposit pension schemes are similar to a monthly savings program. However, this type of scheme is only allowed to open those people who do not have the opportunity to get a pension or similar future at the end of their career. Under the Deposit Pension Scheme account banking service, the depositor deposits a fixed amount in the bank. Even the period can be 10 years or 15 years. The installment can also be monthly quarterly or bi-monthly. In the expiration of the term, the bank gives the depositor a scholarship for a one-time or fixed period with interest deposited.
#9. Education Savings Scheme Account Banking Service
The purpose of this scheme is to deposit money for the cost of reading future books of the child or the adolescent. The depositor’s deposits the bank in a monthly installment for a specified period. According to the terms of the contract, in the expiry of the term, the bank pays for the deposit of the depositor or his children or his colleagues for the expenditure in the monthly installment.
#10. Hajj Scheme Account Banking Service
The purpose of this project is to arrange money for Hajj people who are going to Hajj. Under the Hajj scheme account banking service, money is deposited in the depository Haj account for a specified period in a monthly installment. In this case, how much money will be required for the Hajj, because it is not predetermined in advance, the project is created in the same way as an expense of the expenditure, which is to be made after the expiration of the profits and actual deposits. Those who cannot afford to pay one-time Hajj money, they deposit the money into the hajj scheme account banking service.
#11. Saving Bond Scheme Account Banking Service
Under the bank’s scheme, the sale of savings bonds or savings certificates to the depositors on lien conditions. This type of bond has a duration and interest rate. The bank sells these bonds to create long-term funds. The funds collected through the sale of bonds lend or invest in long-term profitable benefits to the public. So this is the best saving bond scheme account banking service.
#12. Advance Savings Scheme Account Banking Service
Under this project, the depositor deposits the amount as a fixed amount. Under the terms, the bank provides a few times the amount of money deposited as a depositor. On the other hand, the bank buys a fixed savings rate for a guaranteed term for the depositor, the government Savings Certificate or any other type of bond that earns less. With the deduction of the interest deducted at the end of the term, the depositor returns the rest of the money. This is also a helpful aspect of the advance savings scheme account banking service.
#13. Consumer Deposit Scheme Account Banking Service
Thus, the purpose of the deposit scheme is to purchase and enjoy the household goods of small and fixed income people. By depositing at least 25% of the value of the consumer who purchases the deposit, the bank will help in the purchase of such consumer goods by granting the remaining money as a loan. Banks usually provide loans for the purchase of TVs, refrigerators, furniture, computers etc. Even in later the depositor paid the loan amount by depositing the installment money as a deposit.
#14. Deposits Linked to House Loan Scheme Account Banking Service
The purpose of this project is to assist in the collection of depository housing projects. Under this project, the depositors make deposits with the bank in a specified installment for a specific period. It’s also called by finance banking service. In accordance with the terms of the contract agreement, the amount of money required to pay the fixed amount of money in the deposit scheme.
In accordance with the terms of the contract agreement, the amount of money required to pay the fixed amount of money in the deposit scheme. Depositors who deposit large amounts of money, along with interest deposits and loans, make a house by a depositor. Later, the non-borrower paid the amount of loan according to the contract.
#15. Investment Deposit Scheme for Entrepreneurs Banking Service
There are many honest and meritorious entrepreneurs who cannot expand or expand business due to lack of money. The project gives special privileges for them. Even later, the bank helped the business by granting it as a loan. This is the best thing for helping good entrepreneurs.
#16. Farmers Investment Deposit Scheme Account Banking Service
Through this deposit project, farmers were provided assistance in collection of necessary agricultural and irrigation equipment. The depositor opens three types of deposit accounts for the purpose of collecting the required agricultural inputs. After depositing the money as the depositor, the remaining money the bank grants him as a loan. So all these activities called farmers investment deposit scheme account banking service.
#17. Investment Facilitating Deposit Scheme Account Banking Service
These projects are very similar to the Savings Bond project. The depositor buys shares and bond securities as his deposits. In this case, the bank will provide some loans if it is needed. So the investment facilitating deposit scheme account banking service is one of the best parts of the top 18 deposit account banking services.
#18. Deposit with Insurance benefit Scheme Account Banking Service
Deposit with Insurance benefit Scheme Account is one of the best another part of the top 18 deposit account banking services. It is a special type of scheme for providing insurance facility as well as providing insurance benefits. Under this project, if the depositors deposit the minimum amount for a specified period, the bank will ensure the loss due to any accidental physical loss of the depositor during that time.