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प्रश्न
Differentiate between Savings Deposit and Current Deposit.
Differentiate between current and saving deposits.
What is the difference between saving account and current account?
उत्तर
| Basis of Comparison | Savings Deposit Account | Current Deposit Account | |
| 1. | Object | To develop the habit of saving. | To carry on business dealings. |
| 2. | Period of deposit | No fixed period. | No fixed period. |
| 3. | Frequency of deposits | Any number of times. | Any number of times. |
| 4. | Number of withdrawals | Restriction on the number of withdrawals. | There is no restriction on the number of withdrawals. |
| 5. | Interest | Low rate. | No interest, but a bank charge. |
| 6. | Overdraft facility | Not available. | Available. |
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संबंधित प्रश्न
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______ is a revolving credit arrangement.
______ deposits earn very low rate of interest on it.
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Match the following:
| 1 | Savings account | P | For a fixed time period |
| 2 | Current account | Q | Deposited at an equal time period |
| 3 | Recurring account | R | No interest is paid |
| 4 | Fixed deposit | S | Nominal restriction in no. of withdrawals |
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Distinguish between:
cash credit and loan.
Observe the relationship of the first pair of word and complete the second pair.
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Explain three important functions of a commercial bank.
Give two differences between recurring deposits and fixed deposits.
