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12y ago

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Difference between current account and cash credit account?

i am a student and wanted to open my account should i open a current account or credit account


Can we keep 10 million in current account?

Most banks have a cap on the amount of money that you can keep in a current account, usually up to several thousand. So no, you cannot keep 10 million in a current account; you would most likely have to open a savings or investment account.


Who offers current accounts?

All banks offer current accounts. There are no restrictions as to who can open a current account. As long as you have money to pay for the initial deposit to open a current account, any bank will open one for you.


Can you open a brokerage account with cash?

no you cannot pay in cash to open an brokerage account.


Can you open the RBI current account for company?

RBI Stands for Reserve Bank of India. RBI is the central bank of India and they supervise the banking operations in the country. They do not provide banking accounts to individuals or company's So, the answer to your question is - No, you cannot open a current account for your company at RBI.


Can you open a saveigs account for a friend?

No. You cannot open a savings account for your friend. Only the concerned person who wants the account can open the account. Proxy account opening is not allowed.


Can you open a savings account for another adult?

No. A person can only open an account for himself. They cannot open an account on behalf of someone else. It is illegal and it should not be done. If I want a bank account, only I can open it and cannot ask or expect anyone else to do it for me.


Do you need NOC to open bank account with NBD?

Yes, I need for open a current account with NBD


Who cannot open no frill account?

farmer


What document needed to open a current account?

2 reference with current account, passport photograhy, utility bill


Why do lancer account cannot open?

just cuz


Who is not permitted to open the current account in bank?

It depends on local legislation, but generally minors are not allowed to open a bank account.