2006-11-20 20:27:25 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Current Account: u can deposit money any time and can withdrow money any time but ur bank interest on fund is so low.
Savings Account : u can deposit money for a time being that u dont want to use frequently and u can get Bank interest more on ur fund. if u need u can also withdrow form it but there may some conditon u can contract with the bank about this
2006-11-20 20:38:03 · answer #1 · answered by Alam 1 · 0⤊ 0⤋
The Current account is meant for mainly business.commercial transanction. There is no transanction limit in current account. Also no interest is paid on the deposited money.
The saving account is opened by the individuals for deposting their savings/salary transfer. The bank offer interest on the savings and no of transanction during a specified period is limited otherwise attracts extra transanction charges.
2006-11-21 04:39:22 · answer #2 · answered by Fasi99 2 · 0⤊ 0⤋
I guess the difference is in the interest issue. You get interest on the saving account only.
2006-11-21 04:38:59 · answer #3 · answered by GiGgLeS 3 · 0⤊ 0⤋