Learn Types Of Bank Account In Commerce Tuition
There are 10 types of bank accounts in total. In commerce tuition , you will learn the different eligibility of the types of the bank account. This blog is mainly for the individual who is interested in accounting. The employees working in banking are from a commerce background. Let us understand the types of accounts here- Learn eligibility of demat, savings, fixed, recurring, and current account in commerce tuition. Demat account is opened mainly by the investor. It is registered with a broker in India. The shares and securities of Demat accounts are electronically operated. The advantage of Demat account in commerce tuition - Demat account holders avoid stand duty. The physical share and transfer deeds are avoided. Banks can be depository participants in Demat accounts. The bonus or share allotted to the investor is immediately credited into the account. The savings account is the most popular account. It is used to deposit the money. This account provides not only a cheque fa...