A Current Account is a special type of an account that facilitates a higher number of transactions for businesses to run their daily operations seamlessly.
Opening a Current Account is easy. The applicant needs to submit the KYC documents along with the duly filled account opening form.
A Current Account can be opened by the below businesses/constitutions:
* Sole Proprietorship Firm
* Partnership Firm
* Limited Liability Partnership Firm
* Hindu Undivided Family/Joint Hindu Family (HUF)
* Public or Private Limited Companies
A Current Account helps in making business payments and collections seamless.
KYC documents that need to be submitted differ from business to business. Click here to know the documents required for Current Account.
No, Current Accounts don’t earn you interest. However, you can enjoy attractive returns and earn interest income on the idle funds in your Current Account with the ActivMoney facility.
The minimum balance requirement that needs to be maintained depends upon the variant you choose.
Discover a wide range of Current Account variants, tailored to meet the unique needs of your business, regardless of the industry you operate in.
Small businesses have their unique set of requirements. Small business current account and its tailor-made solutions are specially crafted for small/growing businesses.