Current Account is primarily meant for businessmen, firms, companies, public enterprises etc. that have numerous daily banking transactions. Current Accounts are cheque operated accounts meant neither for the purpose of earning interest nor for the purpose of savings but only for convenience of business hence they are non-interest bearing accounts. In a Current Account, a customer can deposit any amount of money any number of times. He can also withdraw any amount as many times as he wants, as long as he has funds to his credit. Generally, a higher minimum balance as compared to Savings Account is required to be maintained in the Current account.

PASSBOOK

Passbook will be supplied to every savings bank depositor showing the number of his account name and address and transactions with date, amount and particulars.

MINIMUM REQUIREMENT FOR OPENING CURRENT ACCOUNT

In his/her name
In the name of two or more persons
Proprietor/Partner
Private/Public Ltd. Company
Co-op. Societies, Institutions, and Associations