What is the full form of CASA?

CASA stands for Current And Savings Account.

Short Form CASA
Full Form Current And Savings Account
Category Business ยป Banking
Country Worldwide
Popularity
Type Unknown

What is CASA?

A Current and Savings Account, also known as a CASA, is an account that allows you to save your money while it is still available to you. A CASA lets you borrow against the deposited money and pay back the loan over time. This is different from a traditional bank account, where the deposited money is locked up until you withdraw it.

There are many benefits to having a CASA account. Some of the benefits include:

-You can access your money whenever you want. With a traditional bank account, you have to wait until your money is transferred out of the bank and into your own personal account. With a CASA account, you can access your deposited money immediately.

-You can borrow more money than you would be able to borrow with a traditional bank account. With a CASA account, you can borrow up to 100% of the deposited amount. With a traditional bank account, you are limited to borrowing 50% of the deposited amount.

-You can get loans in multiple currencies. With a traditional bank account, you can only get loans in your own country’s currency. With a CASA account, you can get loans in any currency that is accepted by the bank.