Eligibility of Individuals

• Yes, individuals can open a current account, particularly if they are self-employed or conducting business.
• Sole proprietors, freelancers, professionals like doctors, lawyers, and consultants are eligible.
• Personal current accounts are not meant for regular salary or savings purposes.
• Proof of commercial or professional activity is usually required.
• Students or salaried individuals are generally advised to use savings accounts instead.

Required Documentation

• Valid identity proof such as Aadhaar card, PAN card, or passport.
• Address proof like utility bills, rental agreement, or driving license.
• Proof of business or profession such as GST registration, trade license, or income certificate.
• Professional qualification certificates may be needed for certain categories.
• Passport-size photographs and a duly filled account opening form are mandatory.

Purpose and Suitability

• Designed for individuals managing commercial income and payments.
• Supports frequent, high-value, or business-related transactions.
• Helps maintain separate records for personal and business finances.
• Facilitates acceptance of client payments and issuing of invoices.
• Essential for tax compliance, accounting, and audit readiness.

Banking Features and Services

• Offers cheque books, debit cards, and internet banking access.
• Unlimited withdrawals and deposits without volume restrictions.
• Overdraft facilities may be provided based on eligibility.
• Business banking support includes cash handling, alerts, and payment tools.
• Banks may assign relationship managers for account servicing.

Conditions and Limitations

• No interest is paid on balances in current accounts.
• Minimum balance requirements must be met consistently.
• Not suitable for personal savings, salary credits, or government benefits.
• Use must align with business or professional activity declared.
• Banks may review usage periodically to ensure compliance.