Multiple Bank Account

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Jaikumar

Manager

21 Points Posted on 24 October 2019

Can a Pvt LTD company maintain Current Account and CC account separately in same bank?

Replies (4)

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Nanne Parmar

6 Points Posted on 18 January 2020

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Nanne Parmar

6 Points Posted on 26 December 2025

Yes. A Private Limited company can maintain a separate Current Account and a Cash Credit (CC) account in the same bank. The Current Account handles daily transactions, while the CC account is used specifically for sanctioned working capital needs.

Nanne Parmar

6 Points Posted on 26 December 2025

Yes, a Pvt Ltd company can maintain both a Current Account and a Cash Credit (CC) account separately in the same bank. In fact, as per insight, most banks insist on this structure. The Current Account is used for regular business operations such as customer receipts, vendor payments, GST, salaries, and statutory expenses. The CC account, on the other hand, is not for daily use—it exists purely to draw sanctioned working capital when required. Unlike a Current Account, money parked in a CC account directly reduces interest liability. Keeping both accounts separate helps banks monitor fund flow, ensures better financial discipline, and makes audits, renewals, and compliance much smoother for the company.