Question

Find the odd word out:

Types of Bank Accounts

Options

• Savings account

• D-mat account

• Recurring account

• Current account

Answer 1

D-mat account

Explanation:

• Savings accounts, Recurring accounts, and Current accounts are all types of bank deposit accounts where customers deposit and withdraw money.
• A D-mat account is not a deposit account; it is used to hold securities like shares in electronic form, mainly for trading and investment purposes.