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Bank account in the name of the company

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 June 2013 Respected,

i have one query; can we open a bank account in the name of the company.

because on current account bank do not provide interest and normally we have surplus amount in bank account.

regards.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
29 June 2013 for business only current account can be opened. incase surplus money you can plan your fund for some other option like Fixed deposite, mutual funds etc. which gives returns

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