Next: Fraud and safety
UPI and payment fraud
The collect-request trick, the QR scam, the wrong-number refund and the fake helpline number. One rule about your PIN defeats nearly all of them.
12 min
beginner
Every account type, and which one you need
Savings, current, salary, zero-balance, minor, joint, demat and trading — what each one is actually for, and the penalties and freezes nobody mentions.
3 lessons · about 22 minutes · written for reading age 13 · last checked 2026-08-01
Savings, current and salary accounts
They look identical in an app and behave nothing alike. One pays you interest, one charges you for it, and one changes type when you leave a job.
8 min
Minor accounts, joint accounts and the rules
Accounts for under-18s, the zero-balance account every bank must offer, and the joint-holding wording that decides who can touch the money on the worst day.
7 min
Demat and trading are not bank accounts
One holds your securities, one places the orders, and neither of them is where your money lives — plus the charges on a trade that nobody adds up.
7 min
Check yourself
5 questions at the end. Every wrong answer explains itself.
Tools for this
What changed recently
Dated commentary on this topic — a Budget change, a new rule, a scam pattern.
2026-07-08 · 7 min read
What your bank actually charges you
A savings account is a product a bank sells. Minimum balance, ATM withdrawals, the debit card, alerts and bounced cheques all carry a price you agreed to.
2026-06-30 · 6 min read
The e-Rupee is not UPI. Here is why
UPI moves a deposit your bank owes you. The e-Rupee is a claim on the Reserve Bank itself, held like cash. Both are digital; only one is central bank money.
2025-11-27 · 5 min read
₹5 lakh insured per bank, not per branch
DICGC cover is a per-depositor, per-bank limit covering principal and interest together. Splitting money across branches of one bank does nothing.
Sources
- Reserve Bank of India — regulations and public awareness — Reserve Bank of India · checked 2026-08-01
- A Guide to Deposit Insurance — DICGC · checked 2026-08-01