Question

Difference between saving accounts and fixed deposit account

Answer 1

Answer:

saving account is a bank account which is generally opened by salaried individuals. The main objective of a saving bank account is to encourage and promote savings. A fixed deposit account is a bank account which requires a fixed sum of money to be invested for a fixed period of time.

Answer 2

Answer:

A saving account is a bank account which is generally opened by salaried individuals. The main objective of a saving bank account is to encourage and promote savings. A fixed deposit account is a bank account which requires a fixed sum of money to be invested for a fixed period of time.

Explanation: