WHAT DO WE MEAN BY CURRENT ACCOUNTS SEPARATE FROM SAVINGS
ACCOUNTS.
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Answer / swathi
Current account is to do commercial activites of a business
firm.but savings account is to make transctions of an
individual person.
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / pavan sharma
Current A/c is operate by co./firm/AOP for running for
business actitvities ie sale/purchase/ epenses/income and
saving acconts is persoanl use by individual/joint etc.for
personal needs.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / dev
mostly current account used by company,firm, etc. these a/c
provide credit limit. and saving a/c used by individual for
saving purpose
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / faheem
If you are running a business then Current account is needed
to deposit your funds in it. you can enjoy overdraft
facility with this account.
If u want to do personal savings then u should open Savings
account.
| Is This Answer Correct ? | 2 Yes | 0 No |
Current account is used for commercial activities and it is
useful for overdraft also and saving account is useful for
personal Loans.
| Is This Answer Correct ? | 3 Yes | 2 No |
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