There are a few things to consider, before creating a current account

A current account is a type of business deposit account that allows for a greater number of transactions (such as check issuance, deposits, withdrawals, and D.D. issuing) and services.

1. Transaction fees: With a current account, you may make as many transactions as you like. Banks, on the other hand, levy a fee when the number of transactions exceeds a certain threshold. 

2. Minimum balance: The majority of current accounts have a minimum balance requirement. Someone who has  just getting started, a lesser minimum balance that must be maintained would be preferable.

3. Premium services: Some banks provide services such as cash pick-up and deposit, after-hours banking, credit cards, free pay orders, demand orders, Cheque Book, NEFT, RTGS, IMPS, and Digital Banking services such as Retail Internet Banking/Corporate Internet Banking and Mobile Banking. These services are not free. He/she  must determine if they needs such services and the associated expenditures.

4. Overdraft limit: After confirming the customer's reliability, most banks provide Cash Credit and/or Overdraft services to Current Account customers. If your firm runs into financial difficulties, an OD may assist you. As a result, you should choose a bank that can provide her the best rates and the OD facility as quickly as feasible.

5. Core services: You should make sure the bank you pick has core services such as online banking, mobile banking, cash management services, IT services, ERP services, multi-location cash deposits and fund transfers, wire transfers, bill payment services, and debit card access.

6. Interest rates: While a current account pays no income, you may move excess cash to fixed deposits and earn interest. You must find a bank with the greatest rates in which to deposit your surplus cash.

7. Bank Size: A bank with a wider bank network may be able to provide services in a greater number of locations. It would also have a wider ATM network, which would be helpful if you needed cash.

8. Digital services: The bank should also provide online services for current accounts. This will allow you to open your account quickly and with minimum paperwork. You would  be able to complete all following transactions from the convenience of  home or workplace, eliminating the need to visit the branch.