Current Account

How to convert saving account to current account

As per Reserve Bank of India (RBI) regulations, it is not possible to directly convert a savings account into a current account. These accounts serve different purposes and require different KYC documentation. If you wish to transition, you should:
  • Visit your bank branch and request to open a new current account.
  • Submit the required business-related KYC documents, such as GST registration or a partnership deed.
  • Once the current account is active, you can transfer your funds and close the existing savings account if it is no longer needed.

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