Saturday, August 22, 2009



Current account is operated by businessmen. Earlier it could be opened with a minimum amount but now a little bit more amount is needed. Even some banks require more to open it. It can be operated any number of times a day. Unlike savings account there is no upper limit to withdrawal. This account serves the businessmen as if his cashier is sitting at the bank and dealing in his cheques. A nominal interest may be offered on the balance of account. the account is not subject to ZAKAT in Pakistan. Here too, if the balance falls below a certain sum, the bank fines the account holder a specified rate.

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