| Basis | Current Account | Savings Account |
| 1. Meaning | It is a type of bank account that is generally opened by the businessman to carry out their business activities. | It is a type of bank account which is opened by salaried and household people with an aim of saving their part of the income and earn interest. |
| 2. Withdrawals | There are no restrictions on the number of withdrawals. They can withdraw money by cheque. | There are restrictions over the number of withdrawals. They can withdraw money either by cheque or by withdrawal slip. |
| 3. Facilities | Such account holder gets the facilities of Passbook, Cheque Book, Statement of Account and Pay-in-Slip Book. | Such account holders get the facilities of Passbook, Cheque Book, and Pay-in-Slip Book. |
| 4. Rate of Interest | Generally, no interest is allowed on the Current Account. If it is allowed it is a very nominal rate. | The rate of interest on the Saving Account is higher than the Current Account but less than fixed deposits. |
| 5. Overdraft facility | Overdraft facility is allowed to Current Account holders. | Overdraft facility is not allowed to Saving Account holder. |
| 6. Suitability | It is suitable for traders, business firms, and institutions. | It is suitable for salary earners, households, and fixed income groups. |
