All You Need to Know About a Current Account and Its Features

A current account is a type of bank account that is designed for day-to-day financial transactions. It is an essential financial tool for managing your money, as it allows you to receive payments, withdraw cash, pay bills, and make purchases using a debit card or cheque book.

HomeVantage Current Account by ICICI Bank is an innovative financial solution that provides individuals and small businesses access to a range of convenient banking services. This current account is known to offer a wide range of features, including online banking, debit cards, direct debits, standing orders, and more. 

Features of a Current Account

Overdraft Facility

One of the key features of a current account is the overdraft facility. This allows you to borrow money from the bank up to a certain limit, usually at a higher interest rate than other forms of borrowing. 

The overdraft facility can be a useful tool for managing short-term cash flow issues or unexpected expenses, but it is important to use it responsibly and pay it back as soon as possible to avoid accruing too much debt.

Debit card

A current account comes with a debit card that you can use to make purchases and withdraw cash from ATMs. The debit card is linked to your account, and you can only spend the money that is available in the account. 

Using a debit card can be a convenient and secure way to make purchases without carrying cash, but it’s important to keep track of your spending to avoid overspending or going into overdraft.

Direct debits and standing orders 

A current account also allows you to set up regular payments such as direct debits or standing orders. These can be used to pay for bills or subscriptions automatically, which can be a convenient way to manage your finances and avoid late fees.

Mobile banking 

Most banks now offer mobile banking apps that allow you to manage your current account on the go. You can check your balance, transfer money, pay bills, and even deposit cheques using your smartphone or tablet. This can be a useful feature for busy people who don’t have time to visit a branch or access a computer.

Online banking 

In addition to mobile banking, most banks also offer online banking services that allow you to manage your current account from a computer or laptop. This can be a convenient way to check your balance, view transactions, and transfer money without having to visit a branch.


A current account is an essential financial tool for managing your day-to-day finances. It comes with a range of features such as an overdraft facility, debit card, direct debits and standing orders, and mobile and online banking. 

When choosing a current account, it’s important to compare different options and consider factors such as fees, interest rates, and customer service to find the best option for your needs. With the right current account, you can manage your money more effectively and avoid unnecessary fees and charges.

The HomeVantage current account by ICICI Bank includes exclusive benefits such as discounts on everyday purchases and rewards for maintaining good credit ratings. With its competitive rates and fees, HomeVantage current account is the ideal choice for those looking for a hassle-free way to manage their finances.