The current account includes deposits, withdrawals, and contra transactions. Such accounts are also called the Demand Deposit Account.
A Current account can be opened in most of the commercial banks. A current account being a zero-account, is generally associated with huge transactions on a regular basis. Because of the fluidity that these accounts offer, they don’t earn any interest. These also usually do not carry a limit on the number of transactions which can be made.
| Initial Amount To Open Current Account |
| Rs. 5000 |
| Benefits |
|
Any Branch Banking |
| General Rules : |
| Bank reserves the right to close any account, if cheque drawn are returned unpaid frequently for want of funds or the account is considered as irregular / non-satisfactory Account not operation for more than two years will be treated as inoperative / dormant account Bank reserves the right to alter, amend and rescind the rules from time to time. |