Question

What's the difference between deposit and current account?

Answer 1

Savings account is a personal bank account maintained by individual customers to deposit their personal savings and undertake their personal monetary transactions. Fixed deposit account is an account in which a customer deposits money for a specified fixed tenure and at a specified interest rate.

Answer 2

Answer:

Know the difference between a Current Account and SavingsAccount. A savingsaccount is a deposit account which allows limited transactions, while a Current Account is meant for daily transactions.