Question

stae any one type of bank account

Answer 1

Current account is mainly for business persons, firms, companies, public enterprises etc and are never used for the purpose of investment or savings.These deposits are the most liquid deposits and there are no limits for number of transactions or the amount of transactions in a day. While, there is no interest paid on amount held in the account, banks charges certain  service charges, on such accounts. The current accounts do not have any fixed maturity as these are on continuous basis accounts.