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.
(The monthly limit is based on when the transaction is processed, not when the check or item was written or authorized.) If you make a combination of checks/drafts and automatic or preauthorized withdrawals, the total limit is still six. When it comes to transactions, all accounts are not created equal. There are transaction accounts, such as share draft checking accounts, that offer unlimited transactions in virtually any form. Then there are non-transaction accounts that are intended to foster fewer transactions. Federal law limits the transactions that can be made on share savings and money market accounts, which fall into this category.