Current accounts are very popular among companies, firms, public enterprises, businessmen who generally have higher number of regular transactions with the bank. The current account includes deposits, withdrawals, and contra transactions. Such accounts are also called the Demand Deposit Account.
Financial literacy may refer to as the amalgamation of various financial terms used in day to day life such as the knowledge of having digital banking, basic financial concepts and are able to manage their personal finances. It is not only confine to having knowledge of financial techniques or investments but also about what comes under the domain of it.