1. Meaning ↓
In fixed deposit, a fixed sum of money is deposited for a fixed period.Current account is operated by businessmen and others who have to do regular business transactions. 2. Purpose ↓
The main purpose of fixed deposit is to earn higher interest rate and get a lump sum amount on maturity.The main purpose of current account is to facilitate regular transactions.
3. Who Operates?
Monday, 18 April 2011
Distinguish Between Fixed Deposit and Current Account
Posted on 09:47 by Unknown
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