3 responses

  1. macral
    January 22, 2011

    Current Account:
    A bank deposit that can be withdrawn by the depositor at any time.
    http://www.eagletraders.com/other/glossary_fin_terms.htm

    Savings account:
    Money kept in a bank or savings and loan association for safekeeping. Savings accounts earn interest on all money kept in the account.
    http://www.your-financial-advisor.com/terms.htm

    Fixed deposit:
    a deposit of money, generally with a bank, finance company or large corporation, repayable on a certain date. Interest may be payable at regular intervals during the term of the deposit or on withdrawal. Top
    http://www.blf.com.au/glossary/

  2. Hudda
    January 22, 2011

    Current Account
    IN this account you can do many transaction in same day or in a month
    in current account you can also use your much money to transact or withdraw.

    Savings Account
    Savings account is like a few facilities like you can do only some few transaction i think 25 within a month & you cant deposite more than 50000 k & cant withdraw same money.

  3. Geetha
    January 22, 2011

    Current account: A non interest bearing account in which you can deposit and withdraw money

    Savings Account: Same as above except that there is a nominal rate of interest and number of withdrawals is limited to a certain number in a half year.

    Fixed Deposit: A scheme whereby you deposit a certain sum of money for a specified period at a contracted rate of interest. Withdrawal of the money before the specified maturity may result in loss of interest or some other penalty.

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