Savings bank account is opened for the purpose of savings for future financial requirements.
Interest is paid on the balance maintained at the rate specified by the Bank from time to time
To cultivate the habit of saving and learn banking at a young age.
Interest is paid on the balance maintained at the rate specified by the Bank from time to time
Current account is usually opened by traders, business community, corporate and Govt. bodies for carrying out their daily business activity
Savings kept for a fixed period of time. The time period of the deposit is decided at the time of opening of new deposit account . The deposit can be withdrawn / renewed on maturity.