Current Account

Current Account is primarily meant for businessmen, firms, companies, public enterprises etc. that have numerous daily banking transactions. Current Accounts are cheque operated accounts meant neither for the purpose of earning interest nor for the purpose of savings but only for convenience of business hence they are non-interest bearing accounts.

In a Current Account, a customer can deposit any amount of money any number of times. He can also withdraw any amount as many times as he wants, as long as he has funds to his credit. Generally, a higher minimum balance as compared to Savings Account is required to be maintained in Current account

PASS BOOK

Pass book will be supplied to every savings bank depositor showing the number of his account name and address and transactions with date, amount and particulars.

Minimum requirement for opening current account

- In his/her name

- In the name of two or more persons

- Proprietor/Partner

- Private/Public Ltd. Company

- Co-op. Societies, Institutions and Associations

Initial Deposit

Initial cash deposit of Rs.500/- which balance should always be maintained in the Current Account.

Minimum Requirement

- IIntroduction by a person known and acceptable to the bank.

- Two copies of latest photographs

- Proof of identity and residence and business proof - Copy of PAN card with original for verification

GENERAL

The Bank reserves the right to alter, amend, rescind the rules from time to time.