According to latest data from RBI, India's current account deficit (CAD) moderated marginally to US$ 11.2 billion (1.2 per cent of GDP) in Q2:2024-25 from US$ 11.3 billion (1.3 per cent of GDP) in ...
A current account, also known as a financial account, is a type of deposit account maintained by individuals who carry out a significantly higher number of transactions with banks on a regular basis.
Since we now understand the benefits offered by this kind of an account, let us understand its limitations, especially when compared to a Savings Account: Current account offers no rate-of interest to ...