Current Deposit

Eligibility:
Any person or persons approved by the bank in the following manners:
1. In his/her name
2. In the name of two or more persons
3. Co-op. Societies, Institutions and Associations
4. Private/Public Ltd. Company
5. Proprietor/Partner

Initial Deposit:
Initial cash deposit of Rs.10000/- which balance should always be maintained in the Current Account.

Interest:
No interest will be paid on the balance in Current Account.

Statement of Account:
Bank will issue statement of account to the accountholder once in a month on requisition.

Incidental Charges:
Incidental charges as per Service Charge Manual in force will be levied for non-maintenance of minimum balance prescribed, return of Inward/Outward cheques, stop payment instructions, issue of cheque books etc. Refer to our Service Charges elsewhere on this site.

Minimum Requirement:
1. Introduction by a person known and acceptable to the bank.
2. 2 copies of latest photographs
3. Proof of identity and residence and business proof
4. Copy of PAN card with original for verification

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