Learn comprehensively about current account and its features

Federalbank15 May, 2023Finance

Current account for business is chiefly intended for industrialists, companies, big establishments, public enterprises etc., which have several and gigantic banking transactions day after day. These are intended neither for the purpose of earning interest nor for the purpose of savings, but only for expediency and comfort of the trade, henceforth, they are non-interest bearing accounts. In a current account for business, a customer can deposit any sum of money plenty number of times. He can also take out any amount as many times as he required, so long as he has resources at his disposal.