Defense Finance and Accounting Services (DFAS) Overview: An agency of the U.S Department of Defense, the Defense Finance and Accounting Service (DFAS) is responsible for administering finance and accounting services for the military and other members of Defense.
Best Answer: There is no limit to keep funds in your Savings and Current Account. But it will be advisable to keep funds in fixed deposit account if these are surplus for longer period.
Both money market accounts and savings accounts are considered non-transactional accounts and are subject to Regulation D which, among other things, limits the number of monthly withdrawals from the account to 6. The main difference with the money market account is that you are often issued checks.he difference in how the Federal Reserve classifies accounts is the primary way money market accounts differ from checking accounts. A checking account is considered a transactional account in that money is stored in it for short periods of time before being spent.