I am a professional Insurance advisor,My all commissions are credited to my saving account, I want to know that could I pay the staff salary by online transfer from my this Saving account?, Is it necessary for me to open a current account
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Salary payment from saving account
Replies (1)
There is no legal restriction as such, but bank do not allow any business transactions from saving accounts. So, till it comes to their notice/objection, you can continue !!!
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