Analyze any five types of investment schemes offered by banks.

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

Answer»

Five types of investment schemes offered by banks:

a. Saving account- popular account, opened to deposit short sums of money periodically

b. Current account- popular with businessmen , provide facility of unlimited deposits, no interest paid, overdraft facility available

c. Recurring deposit scheme- fixed amount deposited periodically, at maturity investor get capital amount with interest

d. Fixed deposits- money fixed for specified period, more rate of interest than saving account

e. Cash certificates- kind of deposit purchased for a particular amount, quarterly installments paid till account completes its entire amount. Available in various denominations of Rs. 1000, Rs. 5000.

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