Savings and Deposits
Current Account
Current Account
Current Account
Current Account
A Current Account is a bank account specially created for individuals, businesses, traders, shops, institutions, and professionals who need to handle money transactions regularly and frequently. It helps in managing daily financial activities smoothly, such as receiving payments, making payments, depositing cash, withdrawing money.
Unlike a Savings Account, a Current Account is not meant for saving money or earning interest. Instead, it is designed to provide easy access to funds and support continuous business operations without limits on transactions. It offers convenience, flexibility, and faster banking services for day-to-day business needs.
In simple words, a Current Account helps businesses manage their daily cash flow efficiently and carry out financial transactions without interruption
Documents Required for Opening an Account
✅ Certificate of Incorporation.
✅Registration and Licenses issued by the concerned authorities
✅GST Registration Certificate, TIN, VAT
✅PAN Card
✅Proof of address for business.
✅Existing bank account statements
✅KYC(Know Your Customer) of proprietor/designated partners.
✅A resolution showing that the Designated Partner is authorized to be signatory
✅Memorandum and Article of association (Bye-law)copy

