Why is a Current Account opened? There are these 5 big benefits, very few people know.

If you run a business, then you need a Current Account. Current accounts are designed for traders, businesses, companies, and individuals with very high transactions. This account is usually used for regular transactions, such as depositing, withdrawing money, and making all payments. There are many advantages of using a current account, which can be availed by both individual and business customers. Let's know its 5 big benefits.

One of the major advantages of a current account is that there is no limit on daily transactions. The customer can deposit or withdraw as much money as he wants, provided he has sufficient balance. This is especially beneficial for traders and companies, as they do a large number of transactions and they do not need any limit on transactions.

Current accounts have the facility to use checkbooks. This helps a lot in business transactions, such as paying employees, paying suppliers or making other payments. Transactions with a checkbook are easy and secure.

Current account holders get the facility to make demand drafts, which is a secure way to send money to any person. This is especially useful in inter-bank payments or inter-branch transactions.

Current accounts have the facility of overdraft. Under this, the account holder can withdraw more money than the balance available in his account, but it is only within the limit set by the bank. This facility is beneficial for businesses that want to use funds to meet sudden cash needs.

Most banks provide facilities like internet banking, mobile banking and ATM cards to current account holders. With this, customers can easily view their account online, make transactions and get other banking services. Due to all this, people can also track their account from time to time.