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प्रश्न
Differentiate between current deposit account and fixed deposit account.
उत्तर
| Basis of Comparison | Current deposit Account | Fixed deposit account | |
| 1. | Object | To carry on business dealings. | To earn interest. |
| 2. | Period of deposit | There is no fixed period. | Fixed period. |
| 3. | Frequency of deposits | Any number of times. | Only one at a time. |
| 4. | Number of withdrawals | There is no restriction on the number of withdrawals. | On maturity date. |
| 5. | Cheque book facility | Allowed. | Not allowed. |
| 6. | Interest | No interest, but a bank charge. | High rate. |
| 7. | Overdraft facility | Available. | Not available. |
संबंधित प्रश्न
Define a commercial bank.
How do commercial banks mobilise deposits from the public?
SLR stands for ______
Which of the following does not belong to the group?
What are Commercial banks?
Explain any one type of term deposit.
A depositor is allowed to withdraw more money than what is there in his account:
- What is the facility called?
- In which type of account is it permitted?
State the differences between a loan and an overdraft.
Explain the term bank overdraft.
Differentiate between Savings Deposit and Current Deposit.
What is creation of credit?
Which is the primary function of Commercial Banks?
A commercial bank accepts deposits from the people for the purposes of giving loans and making investments.
Mention two necessary conditions for a financial institution to become a commercial bank.
Mention primary functions of commercial banks.
What are saving bank accounts?
Compare the rate of interest given to such an account to that of a Current Account and a Fixed Deposit.
What is meant by demand deposits?
