A current account is a bank account where you can store and withdraw money. Most banks offer a range of current accounts that have different features, so you can find an account that best suits your needs.

What is a current account's advantage?

A current account's lack of any interest is one of its most crucial characteristics. The money in a current account is always accessible to the account holder whenever needed, and there is no interest charged on current accounts to make up for the extra liquidity that the bank offers.

Standard Current Account:

The Standard Current Account, commonly referred to as the basic deposit account, is one of the essential varieties of Current Account. This account must always have a minimum average balance in it. Additionally, this account provides common services like overdraft protection, NetBanking, SMS Banking, and a free NEFT and RTGS transactional service.