Difference between savings and current account

Question

Accepted Answer

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

Savings account is meant for individuals who want to save money and earn interest on it.
Current account is meant for businesses and individuals who need to make frequent transactions.
Savings account usually has a limit on the number of transactions per month while current account has no such limit.
Savings account usually offers higher interest rates than current account.
Examples of savings account include fixed deposit account, recurring deposit account, etc. while examples of current account include checking account, overdraft account, etc.

Accepted Answer

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

Savings account is meant for individuals who want to save money and earn interest on it.

Current account is meant for businesses and individuals who need to make frequent transactions.

Savings account usually has a limit on the number of transactions per month while current account has no such limit.

Savings account usually offers higher interest rates than current account.

Examples of savings account include fixed deposit account, recurring deposit account, etc. while examples of current account include checking account, overdraft account, etc.

Accepted Answer

In saving account limited transactions done by customers. But current account unlimited transactions done by customers

Difference between savings and current account

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