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Bank account for a firm
is there any limit for opening of current bank account by a firm either prop or partnership firm.
Replies (7)
Quick Summary
No i dont think so
There is no such limit, but you have to maintain minimum average monthly balances to avoid charges.
Average monthly balance limit is differ bank to bank.
Average monthly balance limit is differ bank to bank.
Ok thank u
Welcome jyoti
Is there any source of getting info about updates related to gst or income tax
Subscribe to sites like cleartax, tax guru, caclub, tax scan etc.....
Every bank have different norms for minimum amount should be maintained in current account.
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