if a seasonal wholesaler doing plastic tripal or pani business have saving account and this account have less transaction from 10 lakh yearly limit but he have monthly transaction exceed 1 lakh threw cheque or electric mode
There is no mandate of opening a current account being a certain turnover or deposit. There is no harm continuing business in saving account from a non compliance or tax point of view.
I think banks are reluctant to entertain savings account for business transactions as they have to pay interest on it. But if transactions are nominal, they might not consider to flag it.