In India, standard current accounts generally do not offer interest as they are designed for frequent business transactions. However, businesses can still earn returns on their idle funds through the following methods:
- Auto-Sweep Facility: This automatically transfers surplus funds above a set limit into a Fixed Deposit, allowing you to earn interest while maintaining liquidity.
- Sweep-In Accounts: Linked fixed deposits ensure that funds are available for transactions while the remaining balance continues to accrue interest.
- Specialized Variants: Certain private banks may offer nominal interest on specific high-value current account variants based on their internal policies.