What do you mean by current account

A current account is a type of bank account designed for businesses, companies, and professionals who handle a high volume of frequent transactions. Unlike savings accounts, current accounts are built for liquidity rather than earning interest. Key features include:

• Unlimited transactions for daily business deposits and withdrawals.
• Overdraft facilities to manage short-term cash flow needs.
• Services like cheque books, pay orders, and demand drafts.
• Higher minimum average balance requirements compared to personal savings accounts.

This account is ideal for proprietors, partnership firms, and trusts to manage operational expenses efficiently.