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asked 9 months ago
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Current account is normally operated by businessman/organization for commercial purpose. The interest is charged by the bank on its operation. Bank overdraft is possible.
Savings account is an account for deposit of savings of an individual. The interest is given by the bank on the balance in the account to the account holder. Bank overdraft facility is not available. The rate of interest provided by the bank for saving account is lesser than the rate of interest charged by it on the current account.
Savings account is an account for deposit of savings of an individual. The interest is given by the bank on the balance in the account to the account holder. Bank overdraft facility is not available. The rate of interest provided by the bank for saving account is lesser than the rate of interest charged by it on the current account.
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answered 5 months ago
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