Current Account

In the Indian banking system, a current account is a type of deposit account primarily designed for businesses, corporations, and entrepreneurs to manage their day-to-day financial transactions. Unlike savings accounts, which are typically used for personal savings and earn interest, current accounts do not usually accrue interest on the deposited funds.

Instead, they offer features such as unlimited withdrawals and deposits, overdraft facilities, and the option to issue checks or make electronic transfers. Current accounts play a crucial role in facilitating business operations by providing convenient access to funds and enabling seamless transactions with suppliers, employees, and other stakeholders.

With the evolution of digital banking services, current account holders can also access a wide range of online banking features to manage their accounts efficiently.