Current Account

This account is meant for individuals and institutions having large numbers or volumes of transactions, mainly for meeting their day-to-day business and operational requirements, and need a current account for maintaining their operational fund balances. Current Accounts can be opened by individuals, sole proprietary concerns, partnership firms, companies, clubs, associations, trusts, government bodies, co-operative societies etc. A current account is operated only through cheques provided by the bank. It is used to collect cheques, bills etc. of the parties, and to make cash and clearing payments in respect of cheques issued by the account holder.