Current Deposits:
1. It is a kind of demand deposit which is usually held by companies, institutions, government and individuals for the sake of business transactions.
2. There are no restriction on withdrawals.
3. No interest is paid to current account or deposits.
4. The main purpose of current account is to facilitate regular transactions.
Fixed Deposits:
1. Fixed deposits are a kind of time deposits which is deposited for a specific period.
2. The amount deposited cannot be withdrawn before maturity period.
3. The rate of interest paid is high.
4. The main purpose is to get a lumpsum amount on the maturity of the deposit.
