Tuesday, September 20, 2016

Current account VS Savings account VS Fixed account


Current Account
Savings Account
Fixed Account
1)The account in which money can be deposited and drawn out more times of the daily banking hour is called c.a.
1)The account which can be started with a small amount of money to motivate people in savings is called savings account.
1)The account in which money can be deposited for a specific time period and drawn out after the expiry of the time with interest is called fixed account
2)Minimum initial deposit is tk.1000
2)Minimum initial deposit is tk.500
2)Minimum initial deposit is tk.10000
3)Objective is to maintain regular transaction
3)Objective is to save money
3)Objective is to earn more money
4)Bank doesn't pay no interest

4)Bank pay lower rated interest
4)Interest is paid on the basis of time
5)Bank doesn't invest the money of that account
5)It invests the money as short term loan
5)Bank invests the money in different sectors