The primary purpose of a current account is to be the account for the entrepreneurs of India. Whether it is a company, a small and medium enterprise, an NGO all businesses require a current account. In this account, the account holder can deposit money and make maximum transactions. No interest is accrued in this account. The account can be opened and operated by a single person, jointly by multiple individuals or in the name of a business. Current Accounts are nil interest rate accounts with a higher minimum account balance requirement as compared to Savings Account. Current Accounts are designed to offer transaction facilities for smooth running of a business.
The following are eligible to operate a Current account
YES Bank offers a 3 Tier Current Account Banking System:
No charges on non-maintenance of required average quarterly balance
Yes Bank comes with the option of three types of current bank accounts towards scaling up the different business activities of the startup or small-scale business. Here are different types of current accounts offered by the Yes Bank:
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