What is the difference between a savings account and a current account?

Question

Accepted Answer

Saving account is for saving money and earning interest while current account is for frequent transactions.

Saving account earns interest while current account does not.
Saving account has a limit on the number of transactions while current account does not.
Current account is meant for frequent transactions while saving account is not.
Saving account has a higher interest rate than current account.
Examples of saving accounts include fixed deposit accounts, recurring deposit accounts, etc.
Examples of current accounts include salary accounts, business accounts, etc.

Accepted Answer

Saving account earns interest while current account does not

Accepted Answer

Saving account is for saving money and earning interest while current account is for frequent transactions.saving account earns interest while current account does not.

Accepted Answer

Saving account is the simple account where you can only used for savings but current account is the account where you can used for business purpose

Accepted Answer

Savings account is meant for individuals mostly and there is an interest given by the bank on the deposit.However the current account is meant for companies/Business with no interest on deposit maintained.

What is the difference between a savings account and a current account?

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