Big institutions, companies, businessman etc. normally open their current deposit accounts. There are some restrictions on withdrawal in saving accounts and in current accounts there are no such restrictions.

Current account can be OPENED with some INITIAL amount decided by the bank. Here the bank does not pay any INTEREST on their balance, in fact the bank charges the customer CERTAIN amount each year as Operational CHARGE. It also provides the facility of withdrawing excess of the balance of deposit.

Big institutions, companies, businessman etc. normally open their current deposit accounts. There are some restrictions on withdrawal in saving accounts and in current accounts there are no such restrictions.

Current account can be opened with some initial amount decided by the bank. Here the bank does not pay any interest on their balance, in fact the bank charges the customer certain amount each year as Operational Charge. It also provides the facility of withdrawing excess of the balance of deposit.