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 ,
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
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.
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