Write three differences between current account and saving deposit account.

Question

Current Deposit Account is one which the customer is allowed to deposit or withdraw money at number of times as and when...

Accepted Answer

Current Deposit Account is one which the customer is allowed to deposit or withdraw money at number of times as and when...

Current deposit account	Saving deposit account
(a) There are no restrictions on withdrawal of money.	(a) There is restriction on withdrawal.
(b) No interest is given on this type of account	(b) Small amount of interest is given.
(c) Overdraft facility is given to current account holders	(c) No overdraft facility is given in this type of account.