Current account
1
For whom keeping money in Current account is suitable
Keeping money in the Current account could be suitable for those who want the money to remain liquid (i.e., available for withdrawal and use), and prefer not to invest time in choosing a savings instrument.
2
However, it's important to note that...
Current account doesn't provide any protection against inflation. During periods of elevated inflation,the deposit's value could erode.
3
What else should you know about Current account?
Recently, some banks have started offering interest on the credit (positive) balance in the current account.