Current Account

  • • Customer can open Current Account with minimum balance or Rs.3000/-.
  • • We offer nomination facility for all individual accounts and proprietary concern accounts.
  • • Customer can open joint account and that account can jointly, operate as per instruction like Any one, Jointly, Any two Jointly either or survivor etc.
  • • We are member of Deposit Insurance and Credit Guarantee Scheme [DICGC] in which customers deposits are insured up to Rs. 1 Lac.
  • Rules & Regulation for Current Account

  • • Every Depositor must have to fulfill KYC norms as per RBI directive.
  • • The Customer has to give all the valid proof at the time of opening an account under KYC norms as per RBI Guideline.
  • • The Bank’s management is having right to close the account after notice if account holder do not keep sufficient balance to clear inward cheque or ECS.
  • • The customer must have to preserve his/her chequebook in his custody. The Bank is not responsible for any misuse of chequebook.
  • • Chequebook charges will be debited from the account at the time of issue of chequebook. Other Charges which will be applicable will also be deducted from the account.
  • • Stop payment of particular cheque/s facility is available but the customer has to keep sufficient balance to match the cheque amount then only the cheque will be returned with the reason of stop payment and stop payment charges will be levied from the account.
  • • The Bank is having all rights of appropriation, set off, lien and change the rules and regulation.
  • • No interest will be paid in Current Account.
  • Category of Account holder

    Description of documents.

    Identification

    Address

    Proprietorship Concern

    Following documents pertaining to the proprietor in individual capacity to be obtained.

    1. Photograph
    2. Any one of the following:
      1. Passport
      2. Income Tax PAN Card
      3. Voter ID Card
      4. Driving License

    Any one of the following documents showing name and address.

    1. Any one of the Following.
      1. Latest Telephone Bill
      2. Latest Electricity Bill
      3. Ration Card
      4. Bank Account/Passbook/statement

    In addition to above document of proprietor in individual capacity, ANY TWO of the following documents in the name of the FIRM; showing name, address and business activity should be obtained.

    1. Registration Certificate / License under Shop & Establishment Act.
    2. Income Tax or Sales Tax Number
    3. Registration Certificate under CST/VAT
    4. Registration Certificate /license issued under Sales Tax or Service Tax or Professional Tax Authorities
    5. In case of Registered Practitioner, Registration Certificate/License issued by Institute of Chartered Accountant, Institute of cost & Works Accountant of India, Institute of Company Secretaries, Indian Medical Council or Food and Drug Control Authority of Indian etc.
    6. Any registration/licensing document issued in the name of the proprietary concern by the central government, State Governments authorities/department
    7. Importer-Exporter Code issued to the proprietory concern by the office of DGFT
    8. SME registration certificate, Allotment letter of GIDC.

    Category of Account holder

    Description of documents.

    Identification

    Address

    Partnership Firm

    1. Partnership Deed
    2. Registration Certificate in case of Registered Firm
    3. Income Tax PAN Card
    4. Telephone & /or Electricity Bill
    5. Power of Attorney granted to a partner of an employee of the firm to transact on its behalf.

    Document from all partners and Power of Attorney Holder if any:

    1. Photograph
    2. Any one of the following:
      1. Passport
      2. Income Tax PAN Card
      3. Voter ID Card
      4. Driving License

    Document from all partners and Power of Attorney Holder if any:

    1. Any one of the following
      1. Latest Telephone Bill
      2. Latest Electricity Bill
      3. Ration Card
      4. Bank Account/Passbook/statement
      5. Letter from any recognized public

    authority

    Category of Account holder

    Description of documents.

    Identification

    Address

    Limited Company

    1. Certificate of Incorporation and Memorandum and Articles of Association
    2. Resolution of Board of Directors to open an account and identification of those who have authority to operate the account.
    3. Power of Attorney granted to its managers, officers or employee to transact business on behalf of company
    4. Income Tax PAN Card
    5. Telephone Bill &/or Electricity Bill

    Document from all Directors and Power of Attorney Holder if any:

    1. Photograph
    2. Any one of the following:
      1. Passport
      2. Income Tax PAN Card
      3. Voter ID Card
      4. Driving License

    Document from all Directors and Power of Attorney Holder if any:

    1. Any one of the following
      1. Latest Telephone Bill
      2. Latest Electricity Bill
      3. Ration Card
      4. Bank Account/Passbook/statement
      5. Letter from any recognized public

    authority

    Trust

    1. Registration Certificate ( if registered).
    2. Copy of Trust Deed.
    3. Resolution of Trustees to open an account and identification of those who have authority to operate the account.
    4. Power of Attorney granted to its managers, or employee to operate the account
    5. Income Tax PAN Card
    6. Telephone Bill &/or Electricity Bill

    Document from all Trustees and Power of Attorney Holder if any:

    1. Photograph
    2. Any one of the following:
      1. Passport
      2. Income Tax PAN Card
      3. Voter ID Card
      4. Driving License

    Document from all Trustees and Power of Attorney Holder if any:

    1. Any one of the following
      1. Latest Telephone Bill
      2. Latest Electricity Bill
      3. Ration Card
      4. Bank Account/Passbook/statement
      5. Letter from any recognized public

    authority

    Registered Association/
    Society

    1. Registration Certificate.
    2. Copy of Bye-Laws.
    3. Resolution of Association/Society to open an account and identification of those who have authority to operate the account.
    4. Power of Attorney granted to its managers, or employee to operate the account
    5. Income Tax PAN Card
    6. Telephone Bill &/or Electricity Bill

    Document from all Trustees and Power of Attorney Holder if any:

    1. Photograph
    2. Any one of the following:
      1. Passport
      2. Income Tax PAN Card
      3. Voter ID Card
      4. Driving License

    Document from all Trustees and Power of Attorney Holder if any:
    1. Any one of the following

      1. Latest Telephone Bill
      2. Latest Electricity Bill
      3. Ration Card
      4. Bank Account/Passbook/statement
      5. Letter from any recognized public authority

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