WebA fixed deposit, also known as an FD, is an investment instrument offered by banks, as well as non-banking financial companies (NBFC) to their customers to help them save money. With an FD account, you can invest a sizeable amount of money at a predetermined rate of interest for a fixed period. At the end of the tenure, you receive the … WebCurrent bank account is opened by businessmen who have a higher number of regular transactions with the bank. It includes deposits, withdrawals, and contra transactions. It …
What is an Account? - Definition Meaning Example - My …
WebOct 11, 2009 · Study now. See answer (1) Best Answer. Copy. A current account is an account in which money or cheques can be taken out or payments can be made at any time. A deposit account is an account in ... WebMar 2, 2024 · A checking account is a type of deposit account you can open at a brick-and-mortar bank, credit union or online bank. Some nonbank financial institutions also offer checking accounts to customers. scorpions wind of change guitar lesson
Current Account Definition - What is a Current Account?
WebDec 20, 2024 · A savings account is a basic type of financial product that allows you to deposit your money and typically earn a modest amount of interest. These accounts are federally insured up to $250,000 per ... WebCurrent Account Meaning: In banking terminology, the term Current Account refers to a type of deposit account made with a financial institution that permits the withdrawal of … WebPortal. v. t. e. A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a … scorpions wind of change podcast