Current account
A bank account meant for business, with no limit on transactions, that keeps business money apart from personal money.
A current account is built for a business's volume of payments in and out. Opening one in the business's name is the simplest way to keep business money separate, which is what makes your accounts readable and your loan applications believable.
Banks usually ask for a registration in the business's name before opening one — a GST, Udyam or shop and establishment certificate, depending on the bank.
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See also: Overdraft, Shop and establishment registration