| Basis of Difference | Current Account | Saving Account |
| Meaning | It is opened by businesspersons and others who do regular banking transactions. | It is opened by individuals who wish to save some part of their income |
| Restriction on number of withdrawals | There are no restrictions on the number of withdrawals till the balance in the customer’s account is more than that required. | There are certain restrictions on the number of withdrawals. |
| Mode of withdrawing money | It is done through cheques | It is done through cheques or withdrawal slips. |
| Preferred by | It is preferred by businesspersons, firms and different institutions | It is preferred by salaried people. |
| Interest given | No interest is given | Interest is given, but the rate is very low. |
| Overdraft facility | Overdraft facility is available. | Overdraft facility is not available. |
