Can i convert savings account to current account

No, you cannot directly convert a Savings Account into a Current Account. According to Reserve Bank of India (RBI) guidelines, these accounts serve distinct purposes and have different KYC requirements. To make the transition, you should:

• Open a new Current Account by providing the necessary business documentation.
• Transfer the funds from your Savings Account to the new Current Account.
• Close the existing Savings Account if it is no longer required.

Maintaining both accounts is also permitted to separate personal and business finances.