give me details of the fixed deposit.
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A bank deposit that can be withdrawn by the depositor at any time.
Money kept in a bank or savings and loan association for safekeeping. Savings accounts earn interest on all money kept in the account.
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
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 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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