What is an Individual vs. a Non-Individual Current Account?
Posted on Wednesday, October 16th, 2024 |
Curious about the difference between an individual current account and a non-individual current account? An individual current account is opened in the name of business owners to meet basic corporate needs. In contrast, a non-individual current account is specifically opened in the name of a business and is designed to meet the needs of enterprises….
Read moreHow to Generate UPI ID for a Current Account?
Posted on Wednesday, October 16th, 2024 |
Unified Payments Interface (UPI), since its launch in 2016, has revolutionised the way Indians conduct financial transactions. In FY’24 alone, India recorded about 131 billion UPI transactions, with a total value of ₹200 trillion. This impressive figure highlights the widespread adoption of UPI and the efficiency of this Indian payment system. It is commonly known…
Read moreStepwise Guide to Open a Current Account for SMEs
Posted on Wednesday, October 16th, 2024 |
Small and Medium Enterprises (SMEs) are the backbone of the economy, as they help in driving innovation, employment, and growth. These businesses need the right tools to manage their finances and support their growth efficiently. Indus Select Current Account by IndusInd Bank is one such useful tool that helps businesses simplify their financial operations, manage…
Read moreNavigating Digital Transactions: Current Accounts in a Cashless Society
Posted on Tuesday, October 15th, 2024 |
Businesses are taking steps towards a cashless society as digital payments become common. Having a current account that is digital savvy is essential for this transition. With the help of the right digital current account, businesses can manage their finances in a better way and focus on their growth. This article explores how current accounts…
Read moreDo I Get Income Tax Notices for Current Account Transactions?
Posted on Tuesday, October 15th, 2024 |
Current accounts are essential for businesses. These accounts offer flexibility and allow a large volume of transactions. This makes it easier for business owners to handle their finances. However, certain transactions through a current account might attract attention from tax authorities. It is crucial to be aware of such transactions and other aspects to avoid…
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