Does current account have interest

Generally, current accounts in India do not offer interest on the balances maintained. These accounts are specifically designed for businesses, entrepreneurs, and professionals who handle high-frequency transactions and require features like overdraft facilities and high withdrawal limits. However, some banks provide specialized "auto-sweep" facilities. With this feature, funds exceeding a pre-set threshold are automatically shifted into term deposits to earn interest, effectively combining the liquidity of a current account with the earnings of a fixed deposit.