Five types of investment schemes offered by banks:
a. Saving account- popular account, opened to *** short sums of money periodically
b. Current account- popular with businessmen , provide facility of unlimited deposits, no interest paid, overdraft facility available
c. Recurring ***** scheme-** fixed amount deposited periodically, at maturity investor get capital amount with interest
d. Fixed deposits- money fixed for specified **, more rate of interest than saving account
e. Cash certificates- kind of *** purchased for a particular amount, quarterly installments paid till account completes its entire amount. Available in various denominations of Rs. 1000, Rs. 5000.
