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what is the difference between savings bank account and
current bankink account?
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Answer Posted / bikash nayak
current a/c : it is made for the business men for smooth running of business by collecting money instantly from the customer as well make payment to the creditors . no interest paid on such a/c .
saving a/c : it is made for the general people . it can open by jointly as well as single . but most of the people prefer the single . interest is paid half yearly in india and also RBI stipulated that minimum int. is 4% .
in both cases cheque book and overdraft facility available
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