Current vs saving account

This query is : Resolved

jatin (Querist)
Follow

16 April 2015 can any one use saving account in place of current account if its transactions are not too much just 4 to 5 times a month

CA AnKiT BoHrA (AB) (Expert)
Follow

16 April 2015 yes he or she can use.. there is no pre fixed account type given ...

Message likes : 1 times

jatin (Querist)
Follow

16 April 2015 it means one should use current account only if his or her transaction in account are more

CA AnKiT BoHrA (AB) (Expert)
Follow

16 April 2015 usuly banks wil nt alow much transaction in saving account dear...

jatin (Querist)
Follow

16 April 2015 i use net banking for all my transactions so need not t o visit bank frequently just 2 to 3 times a month

CA AnKiT BoHrA (AB) (Expert)
Follow

16 April 2015 ya until the bank ask question u can continue that... remember saving bank intrest has lower rate of interest always

Message likes : 1 times

jatin (Querist)
Follow

16 April 2015 do bank have objection in this or not

CA AnKiT BoHrA (AB) (Expert)
Follow

16 April 2015 ya bank can do if there are frequent transaction in saving accounts...!!

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess