1.

Differentiate between current and savings deposits.

Answer»
BasisSaving AccountCurrent Account
PurposeTo promote saving among in vestorsTo facilitate multiple regular transactions
Ideal forIt is mainly used by Salaried Person  It mainly used by Business 
Interest RatesGenerally, 4% to 6% interest paid by bankNormally, no interest is paid



Discussion

No Comment Found

Related InterviewSolutions