Current Account

Current Account

We offer a host of Current Account variants customised to the needs of different sectors and organisations.
Choose the Current Account that best suits your business needs.

Current Account Opening

Current Accounts shall be opened for Individuals, Partnership Firms, Private & Public Limited Companies,
HUFs, Specified Associates, Societies, Trusts and Limited Liability Partnerships.

There is no restriction on the number and amount of withdrawals, subject to availability of balance
in the account.

Banking Conveniences

  • Cheque book facilities.
  • Monthly statement listing all banking transactions.
  • Inter-branch withdrawals and deposits.

This Account Facility is Available To

  • Individuals (aged 18 years and above).
  • Business entities.

Terms & Conditions

  • Opening & minimum balance:
    • ₹5,000/- (with or without cheque book)
    • ₹7,000/- (with ATM facility)
  • Charges as per bank rules for non-maintenance of minimum monthly balance.

Documents Required for Opening Current Account

Sole Proprietary Firm

Customer shall be established through an Officially Valid Document (OVD) and PAN Card / Form 60.
In addition, any two of the following documents as proof of business / activity are required:

  • Registration certificate.
  • Shop & Establishment Act registration / licence.
  • Sales or Income Tax returns.
  • CST / VAT / GST certificate (provisional or final).
  • Certificate issued by Sales Tax / Service Tax / Professional Tax authorities.
  • IEC (Importer Exporter Code) issued by DGFT.
  • Professional practice licence issued under statute.
  • Complete Income Tax Return in the name of sole proprietor.
  • Utility bills such as electricity, water or landline telephone.

Where submission of two documents is not possible, the Bank may accept one document at its discretion,
subject to verification of business activity.

Company Account

  • Certificate of Incorporation.
  • Memorandum & Articles of Association.
  • Permanent Account Number (PAN) of the Company.
  • Board Resolution and Power of Attorney.
  • KYC documents of authorised signatories.

Partnership Firm Account

  • Registration Certificate.
  • Partnership Deed.
  • PAN of the Partnership Firm.
  • KYC documents of partners / authorised persons.

Trust Account

  • Registration Certificate.
  • Trust Deed.
  • PAN Card / Form 60 of the Trust.
  • KYC documents of trustees / authorised persons.

Unincorporated Association / Body of Individuals

  • Resolution of the managing body.
  • PAN Card / Form 60.
  • Power of Attorney to operate the account.
  • KYC documents of authorised signatories.
  • Any other document required to establish legal existence.

Note: Unregistered trusts and partnership firms are treated as unincorporated associations.
The term “Body of Individuals” includes societies.

Hindu Undivided Family (HUF)

  • Identification documents of Karta and major coparceners.
  • Declaration of HUF and its Karta.
  • Recent passport size photographs duly self-attested.