Unlike the Savings Bank, the Current Account is not meant for savings or earning interest. It is convenient for business people and traders to facilitate in parking the liquid funds allowing any number of withdrawals and deposits. All major individuals singly or jointly, HUF, legal business entities, Companies, Clubs, Trusts, Government Departments etc. are eligible to open. No interest is paid under this facility. Nomination and Cheque Book facility is available. However the service charges are applicable for not maintaining minimum balance and execution of standing instructions.
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