Difference between current accounts and fdic deposit
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hello there
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let's talk about current account first
1. in current account there is no any interest payable to the customer.
2. in current account there is no fixed duration for withdrawing or depositing money.
3. this account is especially opened for a big businessman.
4. person can withdraw more amount as than available in his account.
⛔now let's talk about fixed deposit account
1. in fixed deposit account rate of interest is fixed.
2. there is a fixed duration of withdrawing money that is called maturity date.
3. this account is opened by a common people
4. in this account a person can only withdrawal to his extent money deposited in his account together with interest.
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let's talk about current account first
1. in current account there is no any interest payable to the customer.
2. in current account there is no fixed duration for withdrawing or depositing money.
3. this account is especially opened for a big businessman.
4. person can withdraw more amount as than available in his account.
⛔now let's talk about fixed deposit account
1. in fixed deposit account rate of interest is fixed.
2. there is a fixed duration of withdrawing money that is called maturity date.
3. this account is opened by a common people
4. in this account a person can only withdrawal to his extent money deposited in his account together with interest.
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