Current Account

Can we 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 two accounts serve distinct purposes and have different documentation and KYC requirements. A Savings Account is intended for personal savings and interest earnings, whereas a Current Account is designed for high-volume business transactions. If you wish to switch, you must close your existing savings account and follow the bank’s process to open a new current account specifically for your business needs.

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