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Current Account Savings Account (CASA)

Vinay Rawal answered on March 28, 2023 Popularity 3/10 Helpfulness 1/10

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Current Account Savings Account (CASA)

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The CASA product can be configured as a Current Account or a

Savings Account. As a Current Account, it is an everyday banking

product, allowing customers to perform transactional activities

such as deposits and withdrawals whilst accessing certain

banking services. As a Savings Account, the product allows

customers to hold everyday savings and earn variable interest

rate while having the flexibility to withdraw funds.

Key features include:

● Arranged and unarranged overdraft

● Adjustable overdraft limits

● Positive and negative interest accrual

● Multi-currency transactions

● Autosave mechanism

● Account maintenance fees

● Dormancy

● ATM withdrawal limits

The CASA product comes with the following Workflows:

● CASA Application

● CASA Closure

● CASA Overdraft Creation

● CASA Overdraft Adjustment

● CASA Overdraft Cancellation

● CASA Interest Payment Date Change 

Popularity 3/10 Helpfulness 1/10 Language whatever
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Contributed on Mar 28 2023
Vinay Rawal
0 Answers  Avg Quality 2/10


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