Question

differentiate between current account and saving account​

Answer 1

Answer:

current account and saving account both is a part of

Explanation:

Current A/C

1. There is no limit set for transaction of money.

2. interest is not given by bank.

3. overdraft facility is provided.

4. it is not applicable for general public.

Saving A/C

1. limit is being set on the transaction.

2. intetest is provided by bank on the basis of deposit.

3. overdraft facility is not provided.

4. it is available for general public.