current Account

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What is Current Account

A "current account" typically refers to a type of bank account that is used for regular transactions and business dealings. Here are the key features and aspects associated with a current account.

Features of a Current Account:

Transaction Account:- A current account is primarily used for daily financial transactions such as deposits, withdrawals, and payments. Business and Personal Use:- Current accounts can be opened by both individuals and businesses. They are particularly suited for businesses that have a high number of transactions. Various Payment Methods:- Current accounts facilitate various payment methods such as checks, electronic transfers (e.g., NEFT, RTGS), and debit cards.
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