In normal savings account, you deposit Indian money (rupee) and you can withdraw it in the same indian money.
In nre account you can only deposit foreign currency and you withdraw indian currency. you cant deposit indian money in this account
The differences are:Savings account earn higher interest than current accountsThere are limits on number of transactions per year in a savings account but there are no such limits for current accountsCurrent accounts are used by businesses and companies while savings accounts are used by normal customers
please let us the procedure premier to normal savings account
The differences are:Savings account earn higher interest than current accountsThere are limits on number of transactions per year in a savings account but there are no such limits for current accountsCurrent accounts are used by businesses and companies while savings accounts are used by normal customers
Can I convert an Escrow account into a Normal Bank Account
Nationwide offers two types of savings accounts. The first type is a normal savings account that comes with all of the regular features. The second type of savings account is the Holiday Club account. With the Holiday Club account all you do is make monthly payments into the account and it will save your money for the holiday season when you need it.
It is a bank account where a person will make regular, monthly savings to build up capital. The savings or deposit account will not normally come with a card or cheque book and the savings in it will attract a higher rate of interest than a normal bank account. However you lose this high rate of interest if you withdraw your money suddenly or before a certain period,
Money Market accounts are just like having a savings account, only they usually offer a higher interest rate than a normal savings account. Unlike regular savings accounts, Money Market accounts have limitation on how often you can make a withdrawal.
It is a bank account where a person will make regular, monthly savings to build up capital. The savings or deposit account will not normally come with a card or cheque book and the savings in it will attract a higher rate of interest than a normal bank account. However you lose this high rate of interest if you withdraw your money suddenly or before a certain period,
EXIM Bank provides a whole range of different services, from exchanges to 'green banking'. 'Normal Banks' offer mostly savings, bonds and debit/credit card.
It depends on the type of savings account you have. Usually banks don't expect a minimum balance if your account is a salary account. However, depending on the country and bank the number would vary. For ex: nationalized banks expect approximately Rs. 1000 for normal savings accounts while private banks expect much higher minimum balances.
Generally they don't, but the difference is that you don't pay tax on the interest in an ISA, so a normal savings account may offer 3% Gross, of which you get only 2.4% because the tax-man claws back the rest. In an ISA you get the whole 3% for yourself, so it effectively has a higher rate.You can also get higher rates if you "lock in" your money for a fixed term, the longer you promise not to withdraw it the higher the interest offered. These are available in normal savings accounts and in ISAs
the difference between a micro pet and a normal pet is that a micro pet is a really small animal such as a micro pig and a normal animal is a animal just like a normal person normal size normal wight and that is the difference between a normal animal and a micro animal.