A current account is a zero-interest yielding account used by companies or business entities to conduct their regular business transactions. Such accounts are used because of the wide range of benefits they offer in the form of unlimited transactions, free-of-cost demand drafts, RTGS/NEFT transactions, provision of overdraft facility, and more. However, small business owners, home-based businesses, shopkeepers, and freelancers usually do not open a current account and conduct their daily business transactions from their personal savings bank account. Opening a company current account for small businesses is important too. …
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