what is the difference between savings bank account and
current bankink account?
Answer Posted / srinivas annavarapu
A simple definition / descriptions are
Savings Account : is being held by a person individually or
jointly.
Currenct account : is being held by a person @ an official
responsibility (proprietor, director etc) of an
organisation / business irrespective of size which reflects
their business transactions / operations.
The interest paid for both the accounts would be same
almost.
| Is This Answer Correct ? | 10 Yes | 28 No |
Post New Answer View All Answers
What are the different types of leases?
How Does The Stress Test Account For Non-performing Loans?
WE HAVE SOLD GOODS ON 20.09.2010 TO X AND IT HAS BEEN RECODED BY X IN HIS BOOKS ON 08.10.2010 ACCORDINGLY X HAS ISSUED FORM C IN THE QR.OCT-DEC IS IT ALLOWABLE UNDER CST ACT.
Give some examples of RRBs.
how options are different than equities?
What is an ATM card?
What are the different fields where information technology in the banks?
What are the first 30 companies in BSE and what are the first 50 companies in NSE
What are main valuation methodologies?
What is fixed assets turnover ratio?
When will the next Olympics take place and where?
Which is the new instrument launched by rbi to protect the saving of poor and middle class people from inflation and insensitive household sectors. What are the general techniques used by sccs?
What is RuPay?
What are extends?
What are rbi monetary policy objectives?