The Current Account is meant to make the day to day transactions easier to the current account holder. There will be no restriction on number of transactions during a year or like that unlike in Saving account.
Hence they collect maintenance charges in the form of service charges No interest is paid whatever the balance kept in current account since it is meant for drawing by the account holder at any time. (While opening current account firm letter, seal and signature is compulsory of the proprietor)
Documents required for opening a Current Account:
