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Press ReleaseCan 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…
Read more5 Differences between a Current Account and a Savings Account
Posted on Wednesday, January 11th, 2023 |
If you are wondering what is the difference between a current account and a savings account – after all, they are both bank accounts, you are not alone. A lot of us still don’t know the correct answer. To put it in laymen’s terms, a current account is meant for businesses, and a savings account…
Read moreHow do I close current account, if I don’t close what will happen?
Posted on Friday, January 6th, 2023 |
Your business keeps on evolving, and so do your banking needs. If your bank is not able to fulfil your banking needs, then it is not the right banking partner for your business. IndusInd Bank account holders enjoy comprehensive banking facilities that cater to the present business requirements and hold up for their future expansion…
Read moreDo banks pay interest on a Current Account?
Posted on Saturday, December 31st, 2022 |
Whether you are looking to save money or carry high volume transactions, banks offer a wide variety of accounts based on your requirements. These include savings accounts, salary accounts, current accounts, NRI accounts, etc. that you can access anytime, from anywhere with facilities like mobile and internet banking. You can transfer funds online, pay bills,…
Read moreHow to get a Loan on Current Account?
Posted on Thursday, December 29th, 2022 |
If you are running a business or planning to start a new one, then a current bank account is one of the most essential requirements. A current account is a type of deposit account that offers significantly higher number of transactions in terms of deposits and withdrawals. It’s key objective is to facilitate seamless transactions…
Read more5 Reasons Small Businesses Should Have a Current Account
Posted on Tuesday, April 19th, 2022 |
For any business, having a current account is very important in order to conduct their day-to-day transactions with ease. A current account has no cap on the number of transactions made daily and comes with a number of other benefits like the overdraft facility, free NEFT/RTGS/IMPS transactions, and internet banking. So, if you are a…
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