CASA

CASA stands for "Current Account and Savings Account." It's a banking term that refers to two types of accounts offered by banks. A current account is used primarily for daily transactions, allowing easy access to funds and facilitating deposits and withdrawals, while a savings account is designed for saving money, typically offering interest on the balance. Banks often promote CASA as it reflects customer loyalty and financial stability, with a healthy balance of these accounts benefiting both customers and banks in terms of cash flow and interest income.