What is demat,current,saving acc.?? Plz tell me k interest kispe lgta hai to q n nhi lgta to q..??
The regulators page on fb
Wjat is backwardation
Electronic form of share trading is demat
Demat means de-materialised acc......meant for trading......current account s fr people who do a lot f transactions.....like businessman......no interest n dis......savings acc s for common man who has limited no f transactions....interest s dere.....n s decided by banks like yes bank gives 7% interest(max as n date) on savings acc.....normally iss near to 4% fr max f d banks now a dayzzzz
But garima interst rate vary karta hai bnk to bank..ok...
Crnt accnt me intrest rate nahi hota hai....
Current account does not give interest and there is no money transaction limit .
Savings account gives interest at around 4% but there is a limit on amount of money that can be transacted.