1. Meaning ↓
In fixed deposit, a fixed total of coin is deposited for a fixed period.
Current job organization human relationship is operated yesteryear businessmen as well as others who convey to create regular job organization transactions.
2. Purpose ↓
The principal role of fixed deposit is to earn higher involvement charge per unit of measurement as well as teach a lump total amount on maturity.
The principal role of electrical flow job organization human relationship is to facilitate regular transactions.
3. Who Operates?
Fixed deposit is operated yesteryear those individuals as well as organisations who convey excess or surplus or idle money.
Current job organization human relationship is operated yesteryear businessmen as well as other organisations to facilitate their regular transactions.
4. Interest ↓
The involvement paid on fixed deposit is high. At acquaint it is almost 10% p.a. for a 1 twelvemonth deposit.
No involvement is paid on electrical flow accounts.
5. Period ↓
Fixed deposit is maintained for a fixed period. It tin endure besides farther renewed.
The electrical flow job organization human relationship is of a continuous nature. It tin endure operated for whatever seat 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 teach overdraft facility.
Banks provides overdraft facility to the electrical flow job organization human relationship holders.
8. Bank Charges ↓
In illustration of fixed deposit, the depository fiscal establishment does non accuse for their services.
In illustration of Current account, the depository fiscal establishment may accuse a nominal amount for its services.
9. Cheque Book ↓
The fixed deposit holders create non teach a stand upwards for book. They teach a fixed deposit receipt.
The electrical flow job organization human relationship holders teach a stand upwards for facility for withdrawals.
