A passbook is a small notebook that is issued to us when we open an account with a bank. It would contain our details like name, account number etc. Also it would contain the list of all transactions...
Savings accounts are the simplest of bank accounts that one can open. They provide us with very high levels of liquidity. Any day any time (when the bank is open), you have the rights to withdraw...
A current account is one in which you keep a certain amount of money and use it for your regular day to day transactions. For ex: to pay your phone bill, to pay for your groceries etc. Banks usually...