what is the difference between savings bank account and
current bankink account?

Answer Posted / aswin

savings account:Interest will be paid and the number or
transactions are limited.


current account:Interest will not be paid,and is mainly used
by the people who makes daily transactions especially
business men.Money can be transferred directly through
cheques,and overdraft facility is available.

Is This Answer Correct ?    13 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is Basel I?

746


Define Preference Shares?

631


What is a balance sheet and a trial balance?

652


Do you know about winners of various Awards?

566


What are the different systems of accounting?

643






Who is the founder of niacl? What do you know about niacl?

615


What Is The Difference Between Bombay Stock Exchange And National Stock Exchange?

638


What Was The Purpose Of Setting Up Nabard?

647


4.DIFFERNTIATE EVA AND MVA WITH EXAMPLES 5. EXPLAIN THE COST MANAGEMENT SYSTEM ADHERED BY THE CEMENT UNITS IN INDIA 6.HIGHLIGHT THE SWOT ANALYSIS OF CEMENT INDUSTRIES IN INDIA

2110


What Is Cost Of Funds Index (cofi)?

662


What is the Net present value of eurekaforbes

1859


What is NABARD and its functions?

663


For exanple If i transfer money from ICICI to SBI, where is suspense account created? Explain the money transfer process?

2070


What is a media trial?

726


What is the procedure in constitution to merge a place into another state?

794