What is the difference between savings account and current account?

It is very important to have a bank account for your daily financial transactions. There are two main types of accounts, one savings account and the other current account.

Savings Accounts -

The meaning of this name is hidden in the name of savings account. Savings account is used to keep the amount received or earnings in the form of savings. These account holders also get interest. The interest rate varies from bank to bank.

current accounts -

The current account is mainly for professionals. It is mandatory to open a current account in a bank in the name of business for business purposes and daily financial transactions. Through this account, the bank provides many facilities to the business professionals

So this was the main difference between a savings account and a current account. Make timely decisions now and open your bank account in Venkatesh Multistate to make your daily financial transactions easier and safer.