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current A/C

Vikas Tomar (Partner) (24 Points)

24 June 2010

Plz help me out

I opened my current A/C with 90,000 yesterday with nationalized bank , plz let me know what’s wrong with it in opening current A/C with this amount ,

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2 Replies

tejas (proprietor) (44 Points)
Replied 24 June 2010

Sir,

1. Opening a current is not a mistake.

2. Current account doesn't carry any interest for your balance.

3. If you don't have any necessary of same amount transfer to fd .

4. Keep minimum balance of amount which is differ from bank to bank.

Tejas Associates.

Tax Consultant

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LOKESH (Fresher) (80 Points)
Replied 25 June 2010

As u know current account is for the business people.

When u have liquid cash of Rs.90,000/- why do u want to deposit in a current account, instead u can very well deposit in a savings account or As stated by Mr.Tejas transfer to a short term period Fixed Deposit account depending upon the requirement of funds.