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.
As long as you stay under the limit for each ownership category, you can safely keep much more than $250,000 in one bank. These are the four most common categories of ownership: Single Accounts. These are accounts in only one person's name. All accounts owned by the same one person at the same insured bank are totaled and insured up to $250,000.