Can savings account be converted to current account

No, you cannot convert a savings account into a current account. According to Reserve Bank of India (RBI) regulations, these accounts serve distinct purposes and follow different KYC compliance norms. A savings account is designed for personal savings and earns interest, whereas a current account is tailored for frequent business transactions and typically offers no interest. If you require a current account, you must open a new one separately. You may choose to maintain both accounts to keep your personal and business finances segregated or close the savings account after the new current account is active.