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A Savings Bank Account is the basic type of bank account where customers can park or save their surplus cash. The money in the account is extremely liquid and can be withdrawn by the customer anytime they want. As a result, the interest rate provided by the banks on such accounts is also very less. In India the savings account interest rate is 4%. Banks may also give you cheque books and ATM/Debit cards to operate your bank account.
A current account on the other hand is an account used predominantly by businessmen. There usually a higher number of transactions that are allowed in a current account when compared to savings account and it also earns much lesser interest than a savings account.
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Difference between current account and call deposit account?
A call deposit account is a hybrid form of Current account and general saving account which allows us to withdraw money at any time as in current account and provides us interest on the deposit amount as in other saving account.
What is the difference between a current account and a call deposit account?
You can withdraw cash at your call deposit account at any time if you have a call deposit account. The current account has the sum of the income of the goods and service less the expenditure.
What is a saving deposit slip?
A deposit slip issued by your bank for depositing money or checks into your savings account.
What is my balance?
what is my recent deposit and balance on checking account elcantante i need my saving account balance
Theo had a balance of -4 in his savings account. After making a deposit he has $25 in his account. What is the overall change in his account?
The overall change to his account was making a deposit of 29. The math would be -4 + 29 = 25 for his current balance.
Difference between current account and call deposit account?
A call deposit account is a hybrid form of Current account and general saving account which allows us to withdraw money at any time as in current account and provides us interest on the deposit amount as in other saving account.
What are the types of bank accounts in Pakistan?
1.fixed deposit account 2.saving account 3.current account 4.home saving account 5.family saving account
Letter format for recurring deposit installment complete so transfer this money in saving account?
Letter format for recurring deposit installment to from saving account
Can i deposit 20 crore in current account in pakistan?
Yes. You can deposit 20 crone in current account in Pakistan.
What is the difference between a current account and a call deposit account?
You can withdraw cash at your call deposit account at any time if you have a call deposit account. The current account has the sum of the income of the goods and service less the expenditure.
What account is similar to a saving account?
Current Account
How do you write a letter to bank manager for closing fixed deposit?
To Manager Subject: Closing Fixed deposit account. This is to inform you that, My Fixed deposit will mature on 01/12/2012, Kindly request you to transfer the fixed deposit to my Saving account, details are mention below. Name: Saving bank account: your faithfully *****
What is a saving deposit slip?
A deposit slip issued by your bank for depositing money or checks into your savings account.
What is my balance?
what is my recent deposit and balance on checking account elcantante i need my saving account balance
How much cash can you deposit in your saving account?
In Indian Currency you can deposit Rs.39,999.00 without a PAN card.
What amount you deposit into a saving account could be insured by the federal deposit insurance corporation up to what amount?
$250.00
What is fullform of casa in banking?
Current account saving account
