Current Account

Can i convert my saving account to current account

No, as per Reserve Bank of India (RBI) regulations, you cannot directly convert a Savings Account into a Current Account. These accounts serve distinct purposes: Savings Accounts are designed for personal savings and earn interest, whereas Current Accounts are tailored for frequent business transactions. Because they have different KYC requirements and regulatory norms, banks require you to open a new Current Account separately. You may then transfer your funds and choose to close the existing Savings Account if it is no longer needed.

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