Current Account is a type of deposit account, especially for Business Owners, Professionals, Traders and Government Bodies to cater their banking services needs. Unlike Savings Account, there is no limit on number of transactions in a day.
Purpose - Current account is usually opened by traders, business community, corporate and Govt. bodies for carrying out their daily business activity
Features -
♦ Any branch banking facility at all the branches
♦ ATM Rupay Debit card that can be used to access your account at ATMs and shopping across the nation
♦ RTGS / NEFT facility
♦ Standing instructions
♦ Passbook
Eligibility :
The Account can be opened by
♦ Individuals
♦ Two or More Individuals
♦ Sole proprietary firm
♦ Partnership Firm
♦ Joint Hindu family
♦ Private Limited Companies
♦ Public Limited Companies
♦ Registered/ unregistered Societies/Association/ trust / govt. / semi- govt bodies / Departments
Minimum Balance : Rs.1000/-
Documents Required
1. Duly filled Account opening form using rubber stamp wherever required
2. K.Y.C form
3. 2 nos Photographs (Passport Size)
4. Introduction
5. PAN Card
Residential Proof any one of the following :
1. Ration card
2. Electricity Bill (Bring Originals for verification)
Photo + Residential proof :
1. Passport
2. Election Identity card
3. Aadhar card
4. Driving License (Bring Originals for verification)
Additional Documents for Institutions/Trust/Club /Associations / Co-op soc. / Local Bodies :
1. Certified copy of Partnership/Trust deed
2. Registration Certificate
3. List of office bearers / Trustees incase of Societies /Associations/Clubs/Trusts
4. Certified copy of Resolution
Additional documents for Private/Public Ltd. Co.
1. Certificate of Incorporation. commencement of Business
2. Memorandum and article of Association
3. Certified copy of board resolution
