what is the difference between savings bank account and
current bankink account?
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Answer Posted / remya
savings account :
A savings account is one in which we can deposit our
money, but there is a limitation on the number of
transactions (Both credit and debit). we will receive a
nominal interest rate of around 4% per year on the minimum
monthly balance you maintain in your account.
current account:
we can have unlimited number of transactions on our
account. Also we do not receive any interest on our deposit
money.These type of account is used for business
transactions puposes only.
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