What is current account

A current account is a type of bank account designed for businesses, professionals, and traders who handle a high volume of daily transactions. Unlike savings accounts, it typically offers no interest but provides high liquidity and flexibility. Key features include:

• Unlimited deposits and withdrawals to support business operations.
• Overdraft facilities to manage short-term cash flow needs.
• Access to business banking tools like chequebooks, demand drafts, and net banking.
• Efficient handling of frequent inward and outward payments.