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give me details of the fixed deposit.
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{ 3 Answers… read them below or add one }
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A bank deposit that can be withdrawn by the depositor at any time.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/
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.
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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