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.
Money Market Accounts fall under the purview of Regulation D, a ruling of the Federal Reserve Board that compels banks and credit unions to limit customers to six withdrawal transactions per month on the account. MMAs and savings accounts are very similar and are used for many of the same purposes.