Senior Citizen Savings Account 

This type of savings account is opened by individuals who are above the age of 60 years. These accounts come with many benefits that are not offered in the basic type of account. Some of these advantages include no-minimum balance requirements, a higher rate of interest, special offers on term deposits, etc.  There you have it, different types of savings accounts available in India. Each of these accounts come with different sets of rules and features to cater to various financial needs.  By understanding the objectives of these accounts, you will be able to make a better decision. Irrespective of the account you choose, make sure you read through the bank's offerings carefully before making the final decision.