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Savings Account
As the name indicates, this account is meant for saving purposes. Any individual either single or jointly can open a savings account. In these accounts one has to maintain minimum balance as low as Rs 1000/ in some PSU banks while it is Rs 10,000 and above in private sector banks. In savings account number of financial transactions are restricted. Interest rates are higher when compared to current account. Any cash transactions of Rs 10 lakhs and above in a year will be informed to the IT department. In case, if you do many cash transactions and issuing of cheques in a savings account, banks have all the right to question you on the income and reason for transaction.
Current Account:
Current account is mainly for business persons, firms, companies, public enterprises etc. This is useful when a person does a number of business transaction on daily basis. While, there is no interest paid on amount held in the account, there is no limit on number of transaction. In case of ATM withdrawal if you have a salary account or zero balance account you should opt for the savings account.
Fixed Deposit:
Fixed Deposit, also called Term Deposit is an investment where the interest rate is guaranteed not to change for the nominated term, so you know exactly what your investment is worth.
So if you study for any of Foundation-level qualifications and want a certificate as proof of the exams you have completed, you are required to complete Foundations in Professionalism. This is an online, interactive module, designed to help you develop your understanding of what it means to act professionally and ethically in the work you carry out.
You can complete Foundations in Professionalism before or after completing the exam component of the qualification you are aiming to achieve and you only need to successfully complete the module once, even if you decide to complete one or more of qualifications.
There is no set time allocated to completing Foundations in Professionalism. We encourage you to complete the module at your own pace to allow you to reflect on what you have learnt.
Also there is no shortcut to pass the exam, you have to prepare it at your own.
