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What is a current account?
A current account is a deposit account designed for professionals, businessmen, and entrepreneurs, catering to a higher volume of transactions and services based on the available balance. Ideal for SMEs, startups, and enterprises, it serves as a hub for day-to-day financial activities, providing convenient access to funds.
Why Use a Current Account?
Current accounts boast unlimited transactions and high deposit limits, making them a preferred choice for businesses, entrepreneurs, and institutions involved in frequent and substantial payments.
What are the eligibility criteria for opening a current account?
Your business qualifies for a Securepayz powered Current Account if it falls under the following categories
Sole Proprietorship
Partnership
Limited Liability Partnership (LLP)
Private/Public Limited Company/One-Person Company (OPC)
Can Sole Proprietor open a Current Account online?
Certainly! Sole proprietors can easily open a current account online to facilitate their business transactions.
How should a current account be opened?
Consider the following factors while selecting a current account:
Integrated services like expense management, accounting, and bookkeeping.
Robust digital infrastructure for reduced paperwork and branch visits.
Number of free payouts or online banking transactions offered.
Monthly Average Balance (MAB) requirements.
How can I deposit cash into my current account?
Various methods, such as cheque deposits, electronic fund transfers, money orders, cashier's cheques or branch visits, can be used to deposit money. With Securepayz powered Current Account, cash can be deposited seamlessly through the dashboard via online modes, ensuring easy access and transactions.
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