Asked By: Louis Moore Date: created: Nov 13 2020

Is GST mandatory for current account

Answered By: Alan Murphy Date: created: Nov 14 2020

To carry out any financial transaction for your business, you require to set up a Current Account.

However, GST is not mandatory to open a Current Account..

Asked By: Charles Campbell Date: created: Mar 15 2021

What are the documents required for current account

Answered By: Oswald Hill Date: created: Mar 18 2021

Proof of identity (any one of the following)Passport.PAN card.Voter’s Identity Card.Driving License.Job Card issued by NREGA duly signed by an officer of the State Govt.The letter issued by the Unique Identification Authority of India ( UIDAI) containing details of name, address and Aadhaar number.More items…

Asked By: Isaac Carter Date: created: Nov 02 2020

Is current account better than savings account

Answered By: Ronald Thompson Date: created: Nov 03 2020

A savings account is most suitable for people who are salaried employees or have a monthly income, whereas, Current Accounts work best for traders and entrepreneurs who need to access their accounts frequently. Savings accounts earn interest at a rate of around 4%, while there is no such earning from a Current Account.

Asked By: Christopher Simmons Date: created: Sep 25 2021

What is the minimum balance in IOB current account

Answered By: Morgan Evans Date: created: Sep 26 2021

Rs. 100You need to maintain a minimum balance of Rs. 100/- for non-cheque operated accounts and Rs.

Asked By: Christian Clark Date: created: Jun 11 2021

Can I convert my savings account to current account

Answered By: Ian Edwards Date: created: Jun 13 2021

It is not possible to convert your savings account to a current account as both the accounts are different in nature and also have distinct features and benefits. While a saving account is meant for personal use and thus can be opened with basic documents for KYC.

Asked By: Clifford Martinez Date: created: Jun 22 2021

Which bank is best

Answered By: Landon Turner Date: created: Jun 23 2021

Top 10 Banks in IndiaRankBank1.HDFC Bank2.Axis Bank3.IDFC Bank4.State Bank of India7 more rows

Asked By: Nathan Lewis Date: created: Feb 05 2021

What are the disadvantages of current account

Answered By: Horace Wright Date: created: Feb 08 2021

Disadvantages of having a Current Account There is an operational burden attached since most package accounts offer services at additional costs. The involved paperwork and fine print serves to be lengthy and confusing. Huge fees due to corporate business transactions.

Asked By: Martin Griffin Date: created: Aug 03 2021

Can I deposit cash in current account

Answered By: Jacob Miller Date: created: Aug 05 2021

You can deposit cash to your personal checking account with Current by using our in-app locator to find merchants near you that accept cash deposits. You can read more about this in our guide for adding cash here.

Asked By: Juan Nelson Date: created: Sep 24 2021

Is Axis Bank good for current account

Answered By: Louis Jenkins Date: created: Sep 24 2021

AXIS is the best, their online services are good. 0.5 5.0/5 “Blown Away!” I hold a Current account with Axis bank from long time, the experience was good so far and i did not face any issues with this bank. The banking service and their facilities are good in this bank.

Asked By: Bernard Taylor Date: created: Apr 14 2021

Can I withdraw money from current account

Answered By: Evan Ward Date: created: Apr 15 2021

In current account, amount can be deposited and withdrawn at any time without giving any notice. It is also suitable for making payments to creditors by using cheques. Cheques received from customers can be deposited in this account for collection.

Asked By: Hunter Gray Date: created: Mar 13 2021

What is the benefit of current account

Answered By: Philip Adams Date: created: Mar 14 2021

Advantages of current account Enables businesspersons to keep the flow of money smooth, and get and make payments on time. Overdraft facilities are available to tide over any temporary cash flow issues. Internet and mobile banking enable smooth and error-free transactions. Very handy for large volume of transactions.

Asked By: Isaac Cooper Date: created: Nov 17 2020

Which bank has low minimum balance

Answered By: Lucas Washington Date: created: Nov 19 2020

1. IDFC First Bank Pratham Savings Account. This Zero Balance Savings account comes with the advantage of limitless withdrawals at any micro ATM.

Asked By: Hayden Foster Date: created: Feb 16 2021

Is there any charges for current account

Answered By: Curtis Hayes Date: created: Feb 19 2021

Also, no charges are deducted on deposits up to Rs. 10 lakhs. … The account allows free unlimited collection of funds through RTGS and NEFT, and provides monthly cash deposits up to Rs. 10 lakhs.

Asked By: Jeremiah White Date: created: Oct 09 2021

Which bank is best for current account

Answered By: Cody Diaz Date: created: Oct 12 2021

People Also Look ForPersonal Loan Interest Rates April 2021HDFC Bank10.75% – 21.45%ICICI Bank10.75% – 17.50%IndusInd Bank11.00% – 23.00%Kotak Bank10.75%4 more rows

Asked By: William Reed Date: created: Jul 30 2021

What is the minimum balance for current account in SBI

Answered By: Diego Wilson Date: created: Jul 31 2021

STATE BANK OF INDIA is a leading Bank of India providing host of Banking services to its customers….Find more bank current acount details.VariantMin Avg. BalanceNon-maintenance chargePower Jyoti Current Account50,0001,000Surbhi Current Account10,0005006 more rows

Asked By: Brandon Evans Date: created: Dec 17 2021

Who can open current account

Answered By: Gavin James Date: created: Dec 19 2021

Current Accounts (C/As) can be opened by individuals, partnership firms, private and public limited companies, HUFs/ specified associations, societies, trusts etc. Formalities/procedures relating to introduction and opening of Current Accounts for individuals are same as those mentioned for Savings Bank Accounts.

Asked By: Hayden Griffin Date: created: Jul 26 2021

Is SBI current account good

Answered By: Patrick Bell Date: created: Jul 28 2021

0.5 4.0/5 “Great!” I have a current account with SBI from last 2 years, the banking services are good in this bank. I faced issues like, the charges are high and they misguided me. Now the charges are reduces ans the customer service is good with this bank.

Asked By: Dominic Mitchell Date: created: Oct 07 2020

What is the minimum balance for current account

Answered By: Isaiah Watson Date: created: Oct 07 2020

Current Account Monthly Average Balance and Withdrawal Limit 2021BankMinimum Average BalanceICICI Bank Smart Business AccountRs. 25,000HDFC Bank Regular Current AccountRs.10,000 per quarterBank of Baroda Baroda Small Business Current AccountQuarterly Average Balance Rs. 2,500SBI Regular Current AccountRs. 5,0002 more rows

Asked By: Clifford Lee Date: created: Nov 02 2021

What documents need to open current account

Answered By: Bryan Wood Date: created: Nov 05 2021

Documents Required to Open a Current Bank AccountDuly Signed Application Form with a Photograph.Identity Proof like copy of PAN Card and Aadhaar Card of all directors or partners.Address Proof like telephone bill or electricity bill.A cheque for opening current bank account.

Asked By: Abraham Hall Date: created: Jul 06 2021

What is the minimum balance in Icici Bank for current account

Answered By: Albert Diaz Date: created: Jul 08 2021

Rs. 25,000✅What is the minimum amount required for opening Current Account in ICICI? ICICI Current Account minimum balance is Rs. 25,000.

Asked By: Alex Nelson Date: created: Mar 10 2021

Can we open current account in two banks

Answered By: Norman Gray Date: created: Mar 13 2021

Lending banks can open current account and non-lending banks can open only collection account. Collection account can receive money which has to be paid into CC/OD account of lending bank on same day. One lender bank has to open escrow account and only this bank can open current account.

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