Difference Between Saving and current Bank Account ?

What Is Difference Between Saving and current Bank Account ?

This is Most important general question that's come in our mind frequently. we all are the connected with banking system. In banks there are various types of accounts are available. but the most popular accounts are only two, that is saving bank account and current bank account. But do you know what is the difference between saving and current bank account ? lets see-


Difference between saving and current bank account.





Saving bank account





Current bank account




As name given this account is basically made for saving your money.
 



This account is made for the purpose of
making frequent transitions.



You can earn more interest rate on your
deposited money than current bank account.
 



There is no interest rate on your
deposited money or very less interest rate.




Restriction of keeping minimum balance
in account is very less as compared to current account. (it may also have
zero balance accounts also.)





Minimum balance restriction in account
is much higher than saving account.



There are restrictions on how many
times deposits in account in specific period of time.
 



There are no restrictions on how many
times deposits in account in specific period of time. You can deposit money
any number of times.
 




It has also restrictions on withdraws
of money.





There are no restrictions on withdrawals
of money from current account.



Saving bank accounts having limit on no
of transitions.
 



There is no limit
On no of transitions.





This account is suitable for general
persons to save their earning in bank.
 



This account is suitable for businessman.



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