CURRENT ACCOUNT
About Current Account
This account is made for fulfilling the day to day banking needs of the customer. From this account, one can withdraw money actively and use it for frequent withdrawals and deposits with the help of cheques. This is the most basic kind of account which can be used to take care of your regular accounts and manage salary, savings, funding and all kind of daily monetary aspects.
Interest
No Interest will be paid on the balance in Current Account.
Documents Required
- Duly filled in Account Opening Form
- Valid Residential Proof (for example : Adharcard)
- Identity Proof (for example : Pancard)
- 2 Photographs
- Registration Certificate, Partnership Deed, Memorandum of Association as the case may be.
- Registration Certificate Addition of Shop Act, Udyog Aadhar
- 3 Latest Coloured Passport Size Photographs
- Valid Address proof of Proprietor, Partner, Directors as the case maybe and Business Place ( e.g. Aadhar Card, Electricity Bill etc.)
- Rubber Stamp of Firm showing designation of authorised signatories.
Benefits
- Any Branch Banking (ABB), Inter connectivity
- ATM Facility
- Collection of outstation cheques
- RTGS/NEFT Facility
- SMS Banking Facility
- Mobile Banking
- Remittances – Pay Order, Demand Draft on any location in India
- IMPS facility up to Rs. 2,00,000/-
ABB Transactions for CD accounts
Withdrawal limit in a day is Rs.1, 00,000/- and for third party withdrawal limit in a day is Rs.50, 000/-. by cheque only.
Facilities Offered
Mobile Banking, RTGS, NEFT, Standing Instruction as well as ECS facility is also available.
Minimum Balance
Minimum balance to be kept in the Account is ₹5000/- only
T.D.S
Not Applicable
Nomination
Available (Only for Individual and Proprietorship Account only.