Pay attention to these things in your Current Account

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By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
07 AUGUST, 2023
Suppose X at 27 years of age started an eatery business and wants to open a Current Account with a bank to manage his business transactions seamlessly. So far, he used the savings bank account for all his banking transactions and now is unsure of what features he should look for when opening a Current Account. Let us assist X by mentioning a few crucial parameters he must pay attention to when zeroing on a Current Account.
Additional Read: Here's why businesses should opt for the Kotak ActivMoney Current Account
Remember availing a higher limit as overdraft is an important option for maintaining the stability of your business in the occasion of insufficient liquidity or any delay in receiving the awaited payment. Overdraft is an extended limit that bank offers, which is over your Current Account balance. Through this option, you simply can settle all your upcoming or pending payments in a hassle-free way. This further helps to preserve your company’s reputation. As interest on overdraft is just levied on the amount used, opting for a higher overdraft limit will not incur any expense.
Ensuring the promptness and quality of the bank services before selecting the Current Account will help in conducting swift transactions and maintaining the company’s reputation.
Once X has selected the bank, all he must do is submit all the documents for opening Current Account along with the filled up form.
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