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WHAT DO WE MEAN BY CURRENT ACCOUNTS SEPARATE FROM SAVINGS
ACCOUNTS.

Answers were Sorted based on User's Feedback



WHAT DO WE MEAN BY CURRENT ACCOUNTS SEPARATE FROM SAVINGS ACCOUNTS...

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

WHAT DO WE MEAN BY CURRENT ACCOUNTS SEPARATE FROM SAVINGS ACCOUNTS...

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

WHAT DO WE MEAN BY CURRENT ACCOUNTS SEPARATE FROM SAVINGS ACCOUNTS...

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

WHAT DO WE MEAN BY CURRENT ACCOUNTS SEPARATE FROM SAVINGS ACCOUNTS...

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

WHAT DO WE MEAN BY CURRENT ACCOUNTS SEPARATE FROM SAVINGS ACCOUNTS...

Answer / maha lakshmi

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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