| Current Account | Fixed Deposit Account |
| 1. Meaning | A Current Account is a type of bank account under which there are no restrictions on depositing and withdrawing money. | A Fixed Deposit Account is a type of bank account under which fixed amount is deposited for a fixed period of time. |
| 2. Withdrawals | There are no restrictions on withdrawal of money from this account as long as there is balance in the account. | No withdrawal is permitted before the date of maturity. However, a certain amount by way of loan can be granted against the FDR. |
| 3. Facilities | Overdraft and cash credit facilities are given to the current account holders only. | Overdraft and Cash credit facilities are not given to the fixed deposit account holders. |
| 4. Rate of interest | Generally no interest is paid on the balance standing in this account. | Banks offer higher rates of interest. Longer the period, higher will be the rate of interest and vice versa. |
| 5. Duration | This account has no fixed duration. It may run as long as the accountholder desires. | This account is run for a fixed period after which the amount is repaid along with interest there on. |
| 6. Receipt | Bank provide statement of account at the end of every month to the current accountholders. | A Fixed Deposit Receipt (FDR) is issued by the bank to the accountholder. |
