Considering that Current Accounts in India give you no interest, why would anyone keep a current account open? Why not just use a Savings Bank Account? ATleast they give you some daily interest on the cash you have with them?


1 Answer 1


There are restrictions on the number of withdrawals you can make, I think it was around 30 in a quarter where as Current accounts do not have any such restrictions.

There are quite a few other benefits for Companies and Business and it makes sense to open a Current Account rather than savings.

Depending on relationship one can have OverDraft, Statement on Demand, Cheque pick-up, cash pick up and delivery, pooling, and quite a few other benefits. Some of the benefits that were initially available only to Current Account like AT-Par cheque's are now available on savings account from most banks.

For an individual there is very little benefit. The benefits are mainly if one is inot business.

  • Just to understand, what are the other benefits? I personally have a current account and would like to close it.
    – letterhead
    Jun 17, 2014 at 8:12

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