Current Account is cheques operated accounts primarily meant for businessmen, firms, companies, public enterprises etc. They can do the numerous daily banking transactions. It is an essential tool for businessmen.

Benefits of Current Account:

1. Interest earnings on balance.
2. Faster and trouble-free access to cash.
3. Electronic payment.
4. Checkbook facility for non-cash payments.
5. Overdraft facility.
6. Management of usual payments like wages and expenses.
7. Online management of money.
8. No need to carry cash in bulk.
9. Provision of statement under money management facility.

Documents Required for Opening a Current Account :

1. Two passport size photographs.
2. Proof of residence i.e. Passport/driving license/Gas / Telephone / Electricity Bill/ Ration card/voters identity card
3. An introduction of the person from an existing account holder.
4. PAN number / Declaration in form no.60 or 61 as per the Income Tax Act 1961.Shop Act License