what is the difference between savings bank account and
current bankink account?
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Answer Posted / srinivas annavarapu
A simple definition / descriptions are
Savings Account : is being held by a person individually or
jointly.
Currenct account : is being held by a person @ an official
responsibility (proprietor, director etc) of an
organisation / business irrespective of size which reflects
their business transactions / operations.
The interest paid for both the accounts would be same
almost.
| Is This Answer Correct ? | 10 Yes | 28 No |
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