Current accounts and savings accounts are offered by almost all leading banks in India. Savings Account: Will usually earn you an interest between 4% to 6% on a pre-specified basis. Since these accounts do not allow unlimited transactions, it is easier to accumulate more funds over a period of time. Current Account: In the case of current accounts, banks usually do not provide any interest. This is due to the fluid nature of the account which allows frequent transactions. However, both these accounts are different from each other in various aspects. Read on to find out more about what each of these accounts have to offer. Savings account : ideal choice for any individual who earns a steady or regular income like salaried employees. At an ATM, we are always faced with the option of choosing between a Savings Account or a Current Acco unt. These are two kinds of accounts which have been set up to serve different purposes and address the financial needs of different kind of users. This type of account is also ideal for those who have any short term financial goals to meet like a future vacation, financing a wedding, buying a car etc. current account : Is more suited individuals who are required to carry out frequent money transfers like businessmen, firms, companies, organizations, public enterprises, etc. At an ATM, we are always faced with the option of choosing between a Savings Account or a Current Account. These are two kinds of accounts which have been set up to serve different purposes and address the financial needs of different kind of users.
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