current A/C

A/c entries 656 views 2 replies

Plz help me out 

I opened my current A/C with 90,000 yesterday with nationalized bank , plz let me know what’s wrong with it in opening current A/C with this amount ,    

Replies (2)

Sir,

1. Opening a current is not a mistake.

2. Current account doesn't carry any interest for your balance.

3. If you don't have any necessary of same amount transfer to fd . 

4. Keep minimum balance of amount which is differ from bank to bank.

Tejas Associates.

Tax Consultant
 

As u know current account is for the business people.

When u have liquid cash of Rs.90,000/- why do u want to deposit in a current account, instead u can very well deposit in a savings account or As stated by Mr.Tejas transfer to a short term period Fixed Deposit account depending upon the requirement of funds.


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