difference between current accont, savings account, fixed deposites account
Current ac deposits can be withdrawn any no. Of times upto the extent of balance in our bank ac.these deposits can be withdrawn without giving anynprior notice to the bank.
Savings ac is that ac in which a person stores its all savings because bank give a specific rate of interest on deposits that is decided by the RBI.withdrawn from these ac have some restrictions in relation to the amount.
Fixed ac are time deposit.they provide a higher rate of interest as compared to the saving ac.there are higher restrictions on withdrawing money.
Savings ac is that ac in which a person stores its all savings because bank give a specific rate of interest on deposits that is decided by the RBI.withdrawn from these ac have some restrictions in relation to the amount.
Fixed ac are time deposit.they provide a higher rate of interest as compared to the saving ac.there are higher restrictions on withdrawing money.