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Differences Between Traditional and Online Current Accounts
Posted on Thursday, April 20th, 2023 |
The banking industry has undergone a significant transformation in recent years with the introduction of digitization. Online banking has become an integral part of the financial landscape, providing customers with faster, more convenient ways to manage their money. The digitization of the banking industry has also significantly impacted the small businesses in India. With the…
Read moreDocuments required to open a Current Account
Posted on Monday, March 27th, 2023 |
The business landscape in India is always evolving and becoming increasingly complex. In this context, managing a company’s finances can be a daunting task. One crucial aspect of financial management for businesses is managing their current account. A current account is a type of bank account that is designed for businesses to carry out their…
Read moreCan I use a savings account as a current account?
Posted on Tuesday, February 28th, 2023 |
Whether you are planning to grow your wealth with long-term investment, or need a bank account for quick & instant transaction – the banking industry offers a host of products to meet all these requirements. Savings account and current account are two such products. A savings account, is meant for an individual to manager their…
Read moreWhat are Regular Current Account Fees & Charges
Posted on Friday, January 13th, 2023 |
If you run a business and carry frequent and high-value transactions, then you must be aware of current accounts. A current account is meant for businesses & individuals who carry a significantly higher number of transactions with banks. Further, unlink savings account – a current account has a very high upper limit on daily transactions…
Read moreIs current account a liability or an asset for banks?
Posted on Wednesday, January 11th, 2023 |
All businesses, banks and individuals have two main components in their balance sheet – assets and liabilities. Even you have your own assets and liabilities. Your assets are anything you may own outright – such as a car, a house, or cash in a bank account. Your liabilities are considered to be anything that you…
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