Distinguish between: 2. Current account and saving account

Distinguish between:

2. Current account and saving account

Answer: 

Basis
Current account
Savings account
Definition
Current accounts are those accounts which facilitate their consumers to carry out day to day transactions.
Savings accounts encourage their consumers to save.
Interest rate offered
These accounts offer minimal interest rates or no interest.
These accounts offer comparatively higher interest rates.
Users
They are mostly created by big companies, businessmen, traders etc.
They are mostly created by the salary class, farmers etc.
Overdraft facility
This facility is available for a current account.
This facility is not available for a savings account.

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