Current Deposits:
1. It is a kind of demand deposit which is mostly held by companies, institutions, government and individual for the sake of business transactions.
2. It is suitable for business firms for the purpose of transactions.
3. There are no restrictions on withdrawals.
4. There is no interest paid.
Recurring Deposits:
1. These are deposits under which people pay a specified amount at a regular interval of time for a given period of time.
2. It is suitable for the salaried, poor and lower middle class who can save a certain amount of money regularly every month.
3. The amount can be withdrawn after a specific period of time.
4. The interest rate is higher.
