Current Account
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We thank you for showing your interest in us. Following is the way to opening an
account with us.
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- Please find our
Branch nearest to you and contact
our representative
for further proceedings.
- or You can download the application form from
here, take a neet printout,
send the filled form alonwgwith required documents.
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We request you to wait for 7 working days after your application to revert back
to you. Thanks you in the meantime for your patience.
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To complete your immediate business financial needs open a current account with
us.
Current Account is designed to cater businessmen, firms, private and public limited
concerns that can have heavy amount of daily transactions. Most of the transaction
in these accounts done by cheques. Instead of Saving funds in bank its purpose is
to serve ease for business purposes. A customer can deposit any amount of money
any number of times.
Who can open an account?
- An individual in his/ her capacity
- Two or more persons jointly
- Sole proprietary firm
- Partnership firm
- Hindu undivided family
- Private limited companies
- Public limited companies
- Non-governmental organizations
- Public corporations
- Registered societies/ associations/ clubs Etc
- Trusts
- Government/ Semi- government bodies/ departments
*Note : No current account shall be opened in the name of minor
Benefits
- Any branch banking (ABB),inter connectivity
- Remittances- pay order, demand draft on any location in India
- Collection of outstation cheques.
- RTGS/ NEFT Facility
- SMS banking
- Without any charges
- Only cheque book issued charges applied.
- Without any ledger folio ,incidental and inspection.
Requirements
- Copy of latest photograph
- Proof of residence (passport, driving license, ration card, voters card, electricity
bill, telephone bill, latest bank account statement, Income tax/ wealth tax assessment
order, Maintenance bill of society, registered leave and license agreement with
proof of permanent address or Notarized Leave & License Agreement with a permanent
address proof, etc)
- Photo identity proof (PAN card, voters ID card, passport, Driving license, senior
citizen card, ADHAR card etc)
- Introduction by person known and acceptable to the bank
- PAN with original for verification or declaration of form-60/61
- initial deposit in cash
- Business activity proof
- Business Address proof
- Any other document as per the constitution of the firm
(As per Annexure -1)
- Account Opening Form (AOF) duly filled.
General
- Bank reserves the right to close any account, if cheque drawn are returned unpaid
frequently for want of funds or the account is considered as irregular/ non-satisfactory
- Account not in operation for more than two years will be treated as inoperative/
dormant account
- Bank reserves the right to alter, amend, rescind the rules from time to time
Annexure-1
Additional documentation required to open current account as per the constitution
of firm
A) Proprietorship firm
Requirements
- Business Activity proof- copy of shop & establishment, any certificate issued by
/ registration document issued by Sales Tax Authorities/ Service Tax Authorities/
Professional Tax Authorities, audited copies of latest balance sheet and income
tax returns, letter from Chartered Accountant for operation of business
- Business Address proof of shop/ firm (electricity bill, telephone bill, latest bank
account statement, Income tax/ wealth tax assessment order, Maintenance bill of
society, registered leave and license agreement or Notarized Leave & License Agreement
, etc)
- A) Proprietorship letter
B) Partnership firm
Requirements
- PAN of FIRM and all partners with original for verification or declaration of form-60/6
- Business Address proof of shop/ firm
- Partnership letter
- List of partners
- Certificate of registration
- Registered partnership Deed
C) Limited companies
Requirements
- PAN of the company and all directors with original for verification or declaration
of form-60/61
- Business Address proof of Company
- Certificate of Registration
- List of all directors
- Memorandum & Articles of Association
- Resolution with company seal
- CIN no. of the company and DIN numbers of all directors
- Certificate of business commencement (in case of Public Limited Company)