Describe the three types of bank accounts.
The three types of bank accounts are: - Savings Account: This account is for individuals who save regularly and earn interest on such savings. It has limits on how often money can be withdrawn each month. - Current Account: This account is for businesses and traders who often make and receive payments. It does not earn interest and generally has no limits on deposits or withdrawals. - Fixed Deposit Account: This is a one-time deposit kept for a fixed period, like 3 or 5 years. After that time, the bank returns the original amount plus interest, which is usually higher than in a savings account.