The invention relates to a circuit for checking on-site accuracy of a current transformer under the condition of underload operations, comprising a test power supply, a voltage regulator, a power current transformer, a current transformer to be tested, a standard current transformer, a comparison type current transformer checking meter, a current comparator, a load box and a null indicator. In the circuit for checking the on-site accuracy of the current transformer under the condition of the underload operations, the on-site accuracy of the current transformer under the condition of the underload operations is checked by utilizing a magnetic potential balance method, therefore, a measurement error of the current transformer which works below 1% of rated current can be accurately measured, and the defect of the traditional method is effectively compensated. The circuit provided by the invention has the advantages of simple structure and convenience for use, and the measurement error of the current transformer can be directly read through the comparison type current transformer checking meter.