In today's fast-paced business world, staying ahead of the game is not just an option anymore, but a necessity. As markets evolve and competition intensifies, having the right financial tools is crucial for maintaining a competitive edge. Current accounts, often considered simple business necessities, are actually powerful tools for professionals, entrepreneurs, and businesses. They can supercharge your financial management and take your business forward. Know how below.

24/7 accessibility

With features like mobile banking apps, ATMs, and online transactions, a current account offers round-the-clock access to your funds. This means you can handle financial emergencies or opportunities immediately. The ability to transfer funds instantly between accounts and make purchases with a debit card also simplifies your day-to-day financial operations.

Facilitate bulk transactions

With a current account, you can easily manage large volumes of transactions, whether paying multiple vendors, processing payroll, or handling large-scale purchases. This capability streamlines your financial operations, saves time, and minimises errors associated with manual processing.

Low balance requirement

With the IndusInd Bank Indus Max Account, an Average Monthly Balance (AMB) of ₹10,000 is all thatyou need to maintain. This feature provides businesses and individuals with the flexibility of the best current account without the burden of keeping a high balance. Look at the additional benefits this digital current account offers:

- 100% digital account opening: Open your current account digitally from any place, with no physical documents or repeated bank visits.

- Free RTGS/NEFT/IMPS transfers: Enjoy fee-free RTGS, NEFT, and IMPS transactions, whether done online or at a branch.

- Earn interest: Usually, a savings account is meant for savings, and hence, it offers interest on your deposits. Current accounts bear no interest because these are heavily operated accounts and are meant for daily financial operations. However, the IndusInd Bank Indus Max Account offers a solution to optimise these idle funds through the auto-sweep facility.

- The auto-sweep facility allows you to set a threshold beyond which excess funds get automatically moved to fixed deposits to earn interest. This helps businesses earn higher interest rates on idle balances while maintaining liquidity, as they can sweep back funds into the current account when needed.

- So, what’s the wait for? Open a current account online today!

Overdraft facility

An overdraft facility lets you withdraw more money than you have in your account up to a pre-decided limit. By leveraging this feature, your business can get a financial boost to ensure continuity in operations, meet financial obligations on time, and maintain a positive business reputation.

Seamless integration with UPI

In March 2024, UPI transactions reached 13.44 billion and amounted to ₹19.78 trillion in value.This record-breaking achievement signifies the success of UPItransactions. Today, most current accounts have also effectively embraced this digital payment revolution. It helps retailers, traders, and merchants make instant payments through QR codes through their UPI-enabled apps.

To sum up

A current account offers convenience, security, and numerous features to help you manage and grow your business finances. You enjoy higher transaction limits, overdraft facilities, premium digital banking features, debit card access, and UPI support that simplifies your daily financial life. Most importantly, you can earn interest on surplus funds through auto-sweep deposits, which contribute to your overall financial growth.

(Articles under 'Fortune India Exchange' are either advertorials or advertisements. Fortune India's editorial team or journalists are not involved in writing or producing these pieces.)

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Stay Ahead of the Game: How Current Accounts Can Supercharge Your Finances