1. Meaning ↓
In fixed deposit, a fixed amount of coin is deposited for a fixed period.
Current concern human relationship is operated past times businessmen in addition to others who accept to create regular concern transactions.
2. Purpose ↓
The primary piece of occupation of fixed deposit is to earn higher involvement charge per unit of measurement in addition to larn a lump amount amount on maturity.
The primary piece of occupation of electrical current concern human relationship is to facilitate regular transactions.
3. Who Operates?
Fixed deposit is operated past times those individuals in addition to organisations who accept excess or surplus or idle money.
Current concern human relationship is operated past times businessmen in addition to other organisations to facilitate their regular transactions.
4. Interest ↓
The involvement paid on fixed deposit is high. At acquaint it is virtually 10% p.a. for a 1 yr deposit.
No involvement is paid on electrical current accounts.
5. Period ↓
Fixed deposit is maintained for a fixed period. It tin dismiss hold out too farther renewed.
The electrical current concern human relationship is of a continuous nature. It tin dismiss hold out operated for whatsoever pose out of years.
6. Withdrawals ↓
On Fixed deposit, withdrawals are non allowed.
On Current account, at that spot are no restrictions on withdrawals.
7. Overdraft facility ↓
The fixed deposit holders don't larn overdraft facility.
Banks provides overdraft facility to the electrical current concern human relationship holders.
8. Bank Charges ↓
In instance of fixed deposit, the banking concern does non accuse for their services.
In instance of Current account, the banking concern may accuse a nominal amount for its services.
9. Cheque Book ↓
The fixed deposit holders create non larn a banking concern agree book. They larn a fixed deposit receipt.
The electrical current concern human relationship holders larn a banking concern agree facility for withdrawals.
