What is Current Account ?


What is Current Account ?


A current account is a type of bank account that is typically used for business or commercial purposes. Unlike a savings account, which is designed for saving money and earning interest, a current account is meant for frequent transactions and managing day-to-day finances.

With a current account, you can make deposits, withdrawals, and payments as often as needed, and you can also use features such as check writing, debit cards, and online banking to access your funds. Current accounts may also offer overdraft facilities, which allow you to withdraw more money than you have in your account, up to a pre-agreed limit.

One of the main benefits of a current account is the flexibility it offers in managing business finances. You can easily make payments to suppliers, receive payments from customers, and manage cash