what is the difference between current and savings bank account in sbi

natliegle, I am trying to inform you about the difference between a savings bank account and a current account. 1. Minimum balance criteria. 2. Savings bank account will fetch interest, but for Current account the bank will not pay any interest. 3. Bank will not allow you multiple deposit and withdrawal from a savings bank account. 3. There is withdrawal limit from savings account in a half year. Exceeding te limit bank will charge service charges. But for current account you have no limit in number and amount.

In any savings bank account, you can open your account with a minimum amount of Rs. 1,000 to 10,000 (varies on bank to bank)and you can daily deposit or withdraw your money for a limited time per day. But in the case of current account you have to open your account with more money than the savings account. Your cheque book will be charged. But you can deposit or withdraw your money several times a day. This is good for business person. There may be more options for both of these accounts, but I think, I have cleared some of your queries.

hi there, well friend saving A/c is nothing but it's an individual accounts, where you can make all kinds of transactions, where as current A/c are concern to firms, company's, shops, partnership firms etc, here there are many limitations, you must your source of fundings, cash transaction are limited, most of the transactions are done through checks and DD's favouring to concern current A/c holder, hope this information might be helpful to you.