I was told that sole proprietors in India use a current account for their business, rather than a savings account, to avoid interest.
I don't understand why — if you account for the interest properly and pay tax on it, it shouldn't be a problem, right? I won't have a transaction every day on this account, so a savings account should be fine. I see no reason to refuse the interest if I can earn it and, worse, pay more fees for a current account.
Is a sole proprietor not allowed to earn interest from a bank account?
Are there other factors in this decision?
In case it matters, I may be receiving money from iTunes Connect. Or, more generally, from the sale of apps. Is a current account a requirement for that?