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Blog Collection

Is current account a liability or an asset for banks?

Posted on Wednesday, January 11th, 2023 | By IndusInd Bank

Is current account a liability or an asset for banks?

All businesses, banks and individuals have two main components in their balance sheet – assets and liabilities. Even you have your own assets and liabilities. Your assets are anything you may own outright – such as a car, a house, or cash in a bank account. Your liabilities are considered to be anything that you…

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Category : Current Account

How do I close current account, if I don’t close what will happen?

Posted on Friday, January 6th, 2023 | By IndusInd Bank

How do I close current account, if I don’t close what will happen?

Your business keeps on evolving, and so do your banking needs. If your bank is not able to fulfil your banking needs, then it is not the right banking partner for your business. IndusInd Bank account holders enjoy comprehensive banking facilities that cater to the present business requirements and hold up for their future expansion…

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Category : Current Account

Do banks pay interest on a Current Account?

Posted on Saturday, December 31st, 2022 | By IndusInd Bank

Do banks pay interest on a Current Account?

Whether you are looking to save money or carry high volume transactions, banks offer a wide variety of accounts based on your requirements. These include savings accounts, salary accounts, current accounts, NRI accounts, etc. that you can access anytime, from anywhere with facilities like mobile and internet banking. You can transfer funds online, pay bills,…

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Category : Current Account

How to get a Loan on Current Account?

Posted on Thursday, December 29th, 2022 | By IndusInd Bank

How to get a Loan on Current Account?

If you are running a business or planning to start a new one, then a current bank account is one of the most essential requirements. A current account is a type of deposit account that offers significantly higher number of transactions in terms of deposits and withdrawals. It’s key objective is to facilitate seamless transactions…

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Category : Current Account

What is Current Account — Meaning, Types, Features, Eligibility, and more

Posted on Thursday, November 10th, 2022 | By

What is Current Account — Meaning, Types, Features, Eligibility, and more

If you own a business, you would be well-aware of the need for smooth financial management and uninterrupted cash flow, for which a current account is essential. So, what is a current account? While a savings account is suitable for individuals and their daily transactions, which are usually of a lower volume, a current account…

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Category : Current Account

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