Current Account:
1. This account is usually opened by businessmen, industrial enterprises, public bodies, etc.
2. This account facilitates regular business transactions.
3. There is no interest paid on current account.
4. There is no restriction on withdrawals.
Saving Account:
1. This account is held by the households, salaried class, small traders, etc.
2. The main purpose of saving account is to encourage saving habits among people.
3. The saving account earns a nominal rate of interest.
4. Withdrawals are allowed subject to certain restrictions.