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Current Account is non interest bearing account
Current accountss allows unlimitted withdrawals and deposits
Maximum limit of withdrawals with notices of withdrawal
Unlimited issuance of cheques books with company logos to increase the creditability of the company and advertisement promotions.
Bank Statement are provided on daily, weekly, monthy and annually basis as and when required by the companies
to find the best current account for you – whether you want interest, an overdraft
The main objective of current account is to enable the businessmen to conduct their business transactions smoothly.
The advantages of current account:
It enables businessmen to carry out their business transactions properly and promptly.
The businessmen can withdraw from their current accounts without any limit, subject to banking cash transaction tax, if any levied by the government.
It enables the current account holder to obtain overdraft (short-term borrowing) facility.
It enables a bank to collect money on behalf of its customers and credits the same in their customers' current accounts.
Usually Businessmen and companies (sole proprietorship. partnership, private and public limited, trusts, NGOs) operates Current Account.
Current Account has no limit of withdrawals as well as deposit.
It is a non interest based account.
It has large number of daily transactions.
current account allows to innumerous withdrawals, deposits without any limitations and interest profit is not given to current account holders (corporate). statement of account is readily available online / offline. Most important it shows credibility of firm monthly turnover in c/a and it enable bank to check it credit worthiness to sanction loans.
A business current account has several benefits including allowing the business to move money in and out of the account in real time. It allows the company to pay for things it buys and also to pay in income from things it sells.
AGREE WITH ALL ANSWERS
Current Accounts (C/As) can be opened by individuals, partnership firms, private and public limited companies.
No interest is payable on credit balances in Current Accounts.
Cheque books are issued to all Current Account holders and all withdrawals should be made only through issue of cheques.
A checking or transaction account is often referred to as a current bank account. No business should be without a current account. Without a current account, your business lacks credibility and may not be taken seriously by other businesses with whom you do business with.
I agree with most of answers provided