Saving Account Aur Current Account Me Kya Difference Hai ?

 The best and easiest way to keep money safe is to deposit it in a bank.

 For this, you have to open an account with a bank.  There are 2 types of accounts, savings and current.

Although both these accounts are used for deposits and transactions, there is a big difference between them.

 There is a limit of maximum balance in a savings account while there is no such limit in the current account.  We are telling you about these two.

Difference between the two accounts 

1. Savings bank account is opened for the employees receiving salary or depositing the savings in the bank.

 At the same time, the current bank account is for those doing business.  It can also be opened by startups, partnership firms, LLP, private limited company, public limited company etc.

2. Customers get interest on savings bank account but no interest is received on the current account.

 3. Interest accrues on deposits in savings account, so it comes under the tax net.  However, interest is not available on the deposit in the current account, hence it is outside the scope of tax.

4. You can withdraw only as much money from the savings account as there is.

 But this facility is available in the current account, that is, you can withdraw more than the balance in it.  This is called overdraft facility 

5. There is usually a limit for transactions made in a month from a savings account.  You cannot transact more than a fixed number.

 But there is no such limit for current account.

 There is no limit on the maximum balance in the current account.  But this limit is in the savings account.