Current Account

How to change savings account to current account

As per RBI regulations, you cannot directly convert a savings account into a current account. If you wish to switch, you must follow these steps:
  • Open a new current account by submitting the required business and KYC documents at your bank branch.
  • Transfer the balance from your existing savings account to the new current account.
  • Submit a formal request to close your savings account if it is no longer required.
Alternatively, you can choose to maintain both accounts simultaneously to manage personal and business finances separately.

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