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Current Account is mainly for
businessmen, firms, companies, and public enterprises etc. which do numerous
daily banking transactions. In a CD A/c the account holder can deposit or
withdraw money as many times, limiting to the availability of amount in his
account. It is zero-interest based deposit, which means the amount in the CD a/c
will not get any interest. It is meant only for the convenience of money
transactions.
Minimum Balance
₹ 3000/-
Rate of Interest
No interest payable
Eligibility
An Individual singly or jointly, Sole proprietary business concern ,Partnership
or joint stock Company, HUF firms, Limited Companies, Trusts, Association, Local
Bodies, Societies, Executors and Administrators, Govt./Semi Govt. Undertakings,
Agents on behalf of principal etc. can open the account under the scheme with a
prescribed minimum balance.
How to open an account
Download or obtain Account Opening Form from the nearest branch, fill it up
properly and deposit the same with the branch of your choice along with the
following:-
• Furnish proof of Photo identity Card/ID Card of any accredited institution/PAN
Card/the letter issued by the Unique Identification Authority of
India(UIDAI)containing details of Name, address and Aadhar number.
• Furnish proof of Residence in the form of a copy of Ration
Card/Passport/Driving License/Electricity Bill/Telephone Bill/Identity Card
issued by any reputed institution. (Originals be shown only at the time of
scrutiny of papers/Business address).
• Furnish PAN or declaration of FORM NO. 60/61 as the case may be.
• Furnish 2 Photographs of all the prospective account holder
• Introduction about you from a person known to the bank preferably by an
Account Holder of the Branch, whose account has run satisfactorily at least for
the past six months.
• Furnish undertakings/ documents/ declarations as applicable. Please refer
Current Account opening form for details
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