We can not make instance of Abstract Class as well as Interface.
Here are few differences in Abstract class and Interface as per the definition.
Abstract class can contain abstract methods, abstract property as well as other members (just like normal class).
Interface can only contain abstract methods, properties but we don’t need to put abstract and public keyword. All the methods and properties defined in Interface are by default public and abstract.
When To Use Interfaces
An interface allows somebody to start from scratch to implement your interface or implement your interface in some other code whose original or primary purpose was quite different from your interface. To them, your interface is only incidental, something that have to add on to the their code to be able to use your package.
When To Use Abstract classes
An abstract class, in contrast, provides more structure. It usually defines some default implementations and provides some tools useful for a full implementation. The catch is, code using it must use your class as the base. That may be highly inconvenient if the other programmers wanting to use your package have already developed their own class hierarchy independently. In Java, a class can inherit from only one base class.