Savings Account is meant for saving purposes. Any individual either single or jointly can open a savings account with advantage of interest at end of month.

Current account is mainly for business persons, firms, companies, public enterprises etc and are never used for the purpose of investment or savings.

In Fixed Deposit Account (also known as FD Account), a particular sum of money is deposited in a bank for specific period of time. It’s one time deposit and one time take away (withdraw) account