CASA

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CASA (Current A/c Savings A/c)

CASA, or Current Account Savings Account, represents a combination of both types of accounts offered by banks. Current accounts cater to frequent transactions and business needs, while savings accounts encourage savings with interest earnings. This dual account structure provides flexibility and convenience for individuals and businesses to manage their finances effectively. CASA deposits are a stable and low-cost source of funding for banks, contributing to their liquidity and operational stability.