Differentiante between current account deposit and fixed deposit.
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Interest: Generally, since a current account is opened for business purposes, funds deposited in it do not earn any interest. ... Any sum that is over a certain limit is automatically put in a fixed deposit, which earns some interest. A savings account, on the other hand, offers interest on funds deposited.
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Differentiante between current account deposit and fixed deposit.
Answer:
Interest: Generally, since a current account is opened for business purposes, funds deposited in it do not earn any interest. ... Any sum that is over a certain limit is automatically put in a fixed deposit, which earns some interest. A savings account, on the other hand, offers interest on funds deposited.
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