What is current account??and what is saving account??

Question

Accepted Answer

A current account is a type of bank account that allows frequent transactions and does not earn interest. A savings account is a type of bank account that earns interest on the deposited amount.

Current account is used for day-to-day transactions and does not earn interest
Savings account is used for saving money and earns interest on the deposited amount
Current account usually has higher transaction fees compared to savings account
Savings account may have limitations on the number of withdrawals per month
Examples of current account: checking account, business account
Examples of savings account: personal savings account, fixed deposit account

Accepted Answer

Saving account apne dhan ko badhane ke liye use karta hai hai but current account vyakti apni business ya kisi from clendon ke liye use karta hai current account mein balance maintain jaruri hota hai but saving account mein minimum balance Ham maintain rakh sakte hain kahin per sthiti mein Ham zero balance bhi rakh sakte hain but current account mein Ham jio balance nahin rah sakta sakte

Accepted Answer

Saving account apne dhan ko badhane ke liye use karta hai hai but current account vyakti apni business ya kisi from clendon ke liye use karta hai current account mein balance maintain jaruri hota hai but saving account mein minimum balance Ham maintain rakh sakte hain kahin per sthiti mein Ham zero balance bhi rakh sakte hain but current account mein Ham jio balance nahin rah sakta sakte

Accepted Answer

A savings account is a deposit account which allows limited transactions, while a Current Account is meant for daily transactions Savings accounts earn interest at a rate of around 4%, while there is no such earning from a Current Account. A Current Account is actually a no interest-bearing deposit accoun.The minimum balance required to maintain a savings account is usually low, but for a Current Account it is much higher in comparison..

This should clarify the differences in the purpose and function of current account and Savings Account

What is current account??and what is saving account??

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