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Savings account vs Current account

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Savings Account vs Current Account: What should you choose?

Savings accounts and current accounts have distinct characteristics and use. People whose primary goal is to maximise savings should open a savings account, whereas enterprises and companies must open current accounts as per the mandate by the Reserve Bank of India (RBI). Most leading banks in India, such as IDFC FIRST Bank, allow you to open both types of accounts.

Team FinFIRSTJan 04 • 3 mins read

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