Reasons Why You Should Use Current Account for Investment

Posted on Thursday, September 14th, 2023 | By Indusind Bank

In today’s dynamic business landscape, a current account is a vital tool for individuals, traders, and businesses. Its versatility and ease of access make it a great option for everyday transactions. However, have you ever thought about using a current account for investments? 

In this article, we will delve into the reasons why you should consider using a current account for investment and explore the benefits, features, and strategies that make this financial approach a great choice. 

Why it is beneficial to open a current account for investors and traders? 

Opening a current account, especially through the seamless online processes, presents an array of benefits that extend beyond mere transactional needs. With IndusInd Bank Current Accounts, you can enjoy comprehensive benefits such as dynamic cash deposit limits, efficient payment collection, higher transactional limits on digital platforms, and business debit cards for quick fund access.  

IndusInd Bank offers specialized services like cash management services, trade and forex services, as well as high-volume online transactions through NEFT, RTGS, and IMPS, which are crucial for trading and investments. With different types of current accounts, you get to choose the ideal account as per your specific needs and business requirements.  

Here are some compelling reasons to consider a current account for investment purposes: 

1. Convenience at your fingertips  

Through online current account opening, you can initiate the application process from the comfort of your home or office. IndusInd Bank offers a completely paperless application for opening a current account digitally. As an investor, you can open an Indus Freedom Current Account online and enjoy benefits like: 

1. Free online transactions via NEFT, RTGS, and IMPS without constraints
2. High deposit limits of up to 4 lakhs per month
3. Minimal charges on various banking services 
4. Range of business debit cards to choose from
5. No more tedious paperwork or lengthy queues at the bank

With a few clicks, you can set the wheels in motion for a financial tool that can be leveraged for investment. Explore the Indus Freedom Current Account! 

2. Holistic financial management 

An IndusInd Bank Current Account is not just a receptacle for your income and expenses; it’s a versatile platform that can streamline your financial operations. As an account holder, you can group your savings and current account, and use auto sweep fixed deposit for holistic financial management. By having all your transactions under one roof, it becomes easier to track your money flow and make informed investment decisions.  

3. Real-time tracking 

The digital era empowers you with real-time information, and your current account is no exception. With online banking, you can track your transactions as they happen. This real-time tracking is especially crucial for investments, as it allows you to monitor your investment-related transactions and adjust your strategies promptly. Real-time tracking not only helps traders but also businesses to plan their strategies for rapid growth and that’s why every small business must have a current account.  

4. Features and benefits of current accounts 

Before diving into how a current account can be utilized for investments, let’s explore some of the intrinsic features and benefits that make this financial tool indispensable: 

• Overdraft facility and pre-approved business loans: IndusInd Bank Current Accounts come with an overdraft facility and pre-approved business loans, which can act as a safety net during unforeseen expenses or cash flow gaps. This can prove invaluable when navigating the unpredictable terrain of investments. 
• Debit card and chequebook: Business debit card and chequebook equips you with a versatile arsenal to access your funds. This ease of access to funds ensures that you are ready to seize investment opportunities as soon as they arise.  
• Direct debits and standing instructions: Automating bill payments, savings contributions, and investment deposits is a breeze with direct debit and standing instruction features. This automation streamlines your financial commitments and ensures that you never miss an opportunity to grow your investments. 
• Seamless Online Access: The advent of online current account opening has revolutionized the way you interact with your finances. The process of opening an account has been simplified to a few clicks, saving you valuable time and effort. This digital accessibility ensures that your financial world is at your fingertips, 24/7.  

IndusInd Bank Current Accounts offer uninterrupted access to online banking through net banking and the mobile app for payments and money transfers.  

However, If you are looking for a seamless payment collection service for your business, IndusInd Bank also offers efficient payment collection through the Indus Tarakki Current Account. It provides a digital collection facility through POS, Payment Gateway, QR, and UPI and high deposit limits of up to 5 lakhs per month.  

For your trading and investment needs, the account also offers free online money transfers via NEFT, RTGS, and IMPS to fund your investments without hassles. Explore the Indus Tarakki Current Account!  

How can you use current accounts for investments? 

Now that you are acquainted with the advantages of a current account, let’s delve into the strategies that allow you to harness its potential for investment purposes: 

1. Capitalizing on investment opportunities  

A current account’s swift access to funds positions you to capitalize on time-sensitive investment opportunities. Whether it’s purchasing stocks during a market dip or investing in a promising venture, having funds readily available can be a strategic advantage. 

2. Creating an investment pool  

Consider using your current account as a centralized pool from which you can transfer funds to various investment avenues. This approach provides you with the flexibility to distribute funds based on the prevailing market conditions or the performance of your existing investments. 

3. Utilizing overdraft for investment  

The overdraft facility of a current account can be strategically harnessed for short-term investment purposes. It can act as a bridge when timing is critical, allowing you to seize opportunities without delay. 

4. Automated investments  

Leverage direct debits or standing orders to automate regular contributions to your investment portfolio. This disciplined approach ensures a consistent inflow of funds into your investments, regardless of the market’s ups and downs. 

5. Portfolio diversification  

With a current account serving as your financial hub, you can maintain a diversified investment portfolio across various assets and markets. Diversification is a key strategy for managing risk and enhancing long-term returns. 

Conclusion 

The modern financial landscape demands a flexible and strategic approach to managing your funds. An IndusInd Bank Current Account, with its varied features and advantages, offers a compelling avenue for investment. From the convenience of online current account opening to the seamless integration of transactional and investment needs, this financial tool has the potential to enhance your financial journey. Your financial future awaits – and it starts with the click of a button. Apply for a current account now!  

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.