👉 Subaccounts are accounts that contain a specific type of funds, such as fixed deposits or checking accounts. These subaccounts can be used to keep track of certain types of transactions or investments within an account holder's account. For example, a bank may have multiple subaccounts for different purposes, such as savings accounts, checking accounts, or investment accounts. Each subaccount would contain specific funds and could be used in conjunction with other accounts to manage financial resources effectively. Subaccounts are typically managed by the bank