Distinguish between current account and saving account.
Answers
Answered by
0
Current account is mainly opened to run a business that has a large number of daily transactions. It is a non-interest bank account.
Savings account is one of the most popular deposit accounts for individuals. It is opened to encourage people to save money and deposit their money. Interest is paid on saving accounts, which remains nominal.
Savings account is one of the most popular deposit accounts for individuals. It is opened to encourage people to save money and deposit their money. Interest is paid on saving accounts, which remains nominal.
Similar questions