how does a current account helps a business man
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A current account is normally opened by business entities in order to carry out their banking transactions. A zero interest account, the current account is generally associated with businesses which have huge and frequent number of transactions. However, a current account can be useful for other entities as well.
The businessmen can withdraw from their current accounts without any limit, subject to banking cash transaction tax, if any levied by the government. ... It helps businessmen to make a direct payment to their creditors by issuing cheques, demand-drafts or pay-orders, etc.
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