Types Of Current Account
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This account is generally opened by people who are engaged in trade businesses and professions.
Types of current account. A current account also known as financial account is a type of deposit account maintained by individuals who carry out significantly higher number of transactions with banks on a regular basis. The trade balance exports minus imports is the largest component of a current account surplus or deficit. A packaged current account is a type of bank account that offers access to a number of additional products services and subscriptions that are not usually associated with a current account. Let s take a look at the different types of current accounts there are which are based on the different requirements you might have.
A current account is a bank deposit that can be withdrawn by the depositor at any time. Types of current account. The depositor is at liberty to operate this account any number of times in a day unlike savings accounts where only limited transactions are allowed. It is created by the bank on request of the applicant and is made available for frequent or immediate access.
Business value current account. You can now enjoy higher daily transaction limits and convenient access to your funds at a wide network of branches atms as well as via the net banking mobile application and sms banking channels. The nation s current account is its imports exports net income asset income and direct transfers. Therefore we offer different types of current accounts which are customised to serve your specific requirements.
The average quarterly balance requirement for this account is only inr 10 000. Current account manage all your business transactions swiftly effortlessly with a range of current accounts that aim to enhance your productivity. A negative account means it spends more then it earns. We offer you a wide range of business banking solutions through the following types of yes bank current accounts.
Click below to know about the various current accounts provided by sbi. Current account open online current account with safest securest fastest corporate internet banking only with sbi. The main reason to have a current account is to use it as a mode of payment it s convenient as you can make payments with a linked debit card pay through online banking perform a money transfer to other accounts etc. These additional benefits are provided by the account provider itself as well as a number of third parties.
That means it s not meant for storing large sums of money for long periods. A current account is a type of transactional account.
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