Current Account

Current Account is primarily meant for businessmen, firms, companies, public enterprises etc. that have numerous daily banking transactions. Current Accounts are cheque operated accounts meant neither for the purpose of earning interest nor for the purpose of savings but only for convenience of business hence they are non-interest bearing accounts. In a Current Account, a customer can deposit any amount of money any number of times. He can also withdraw any amount as many times as he wants, as long as he has funds to his credit. Generally, a higher minimum balance as compared to Savings Account is required to be maintained in Current account.

Current Account can be opened by

• An individual who has attained majority.
• Two or more individuals in their joint names.
• Sole proprietorship concerns
• Partnership concerns.
• Hindu Undivided Family (HUF).
• Public & private limited company
• Clubs & Societies.