Current accounts are Cheque operated accounts maintained for mainly business purposes. A Current account is ideal for carrying out day-to-day business transactions.
Eligibility
- Hindu Undivided Families, Sole Proprietorship Firms, Partnership Firms, Limited Companies, Trust Accounts, Association / Clubs / Societies
Account Opening
Should submit the dully filled & signed Account opening form along with;
- Specimen Signature.
- Photograph of the operator.
- ID proof of operator as per KYC norms.( (a) Passport (b) Ration card containing Photograph (c) Driving License (d) PAN card (e) Voters Identity card (f) AADAR issued by the Government of India.)
- Address proof – Telephone bill, voter ID, Adhar or driving licence. Business proof from local body/ partnership deed / trust deed/ Articles of association / Registration Certificate / byelaws / minutes copy / authorisation letter Proper introduction Initial deposit
Minimum Balance
- 2000/- for cheque book account
- Limit fixed in the Number of operation and amount: There is no limit for operation in the current account.
Insurance
- Depositors along with insurance guarantee from DICGC up to 5 lakh