Identify 5 differences between a current account and a savings account.
Answers
Answered by
2
Answer:
Savings account:
This type of account is started by students, salaried persons and pensioners.
There is restriction over the no.of transactions per day.
The interest is given by the bank to the account.
Current account:
This type of account is started by businessmen
There is no restriction over the no.of transactions per day.
The banks does not give any interest but in turn takes the charge for the service.
HOPE THIS BRING A SMILE IN YOUR FACE
Explanation:
Similar questions