CURRENT ACCOUNT
ELIGIBILITY
Individuals, Joint accounts (not more than 4), Proprietory concerns, partnership firms, HUF, Public and Private Limited Companies, Registered or Unregistered Societies or Association, Trust/Provident Fund, Executors/ Administrators, Govt./Semi Govt. Dept, Taluk /District boards, Charitable & Religious Institutions.
SPECIAL ACCOUNTS
Provident fund, Accounts of School/Red Cross Society Accounts of Post office, Accounts for issue of Dividend /Interest warrants
DOCUMENTS REQUIRED FOR OPENING THE ACCOUNT
Application, Address proof, Photos, Introduction Memorandum and articles of association, Certificate of commencement of business, Certificate of commencement of business Partnership deed, (wherever required) certificate of incorporation and Board Resolution.
MINIMUM DEPOSIT AMOUNT
Rs.1000/- in Rural/Semi-urban, Rs.5000/- in Urban/Metro cities
PERIODICITY OF DEPOSIT
Running (Operative) Account
INTEREST
Not eligible for interest
TDS
Not applicable
BCTT
Applicable to all over India except Jammu & Kashmir
The limit specified for the withdrawal/receipt is as under:
A/c maintained by (excluding SB accounts)
Limit for withdrawal/receipt of cash
Any individual or HUF
Rs. 50,000/-
Any other person
Rs. 1,00,000/-
NOMINATION FACILITY
Available – Individual Accounts, Joint Accounts, Proprietorship Accounts.
Not available for a/cs held in representative capacity, partnerships, Joint Stock Companies, Associations, Clubs and other organizations.
LOAN FACILITY
OTHER FACILITIES
ATM cum Debit Card for individuals, Pass Sheet, Nominations, Standing Instructions, Collection of local and outstation Cheques (at the cost of the account holder), Anywhere Banking
APPLICATION AND DOCUMENTS
Application Specimen Signature Card Form 60 or 61 (if customer does not have PAN Card) Photograph of depositor/s (2 copies) Proof of address as per KYC Norms Any other related documents applicable to proprietor ship concern, Partnership Firm, Company, HUF etc.
