Current Account can be opened by any person competent to contract like an individual and businessmen viz. Proprietorship concern, Partnership firm, Association of persons, Public or Private Limited companies, NGO, Trust, and Societies etc.- The aim is to transact multiple or numerous business operations with no limitations. You can deposit or withdraw any amount as many times as per requirement.
- The account can be opened after completion of KYC formalities & AML guidelines of Reserve Bank of India depositing initially an amount of RS 1100/- and the same is to be maintained as minimum balance.
- No interest is paid on Current account. No Pass Book given as transactions are in large scale, the Statement of Account is issued monthly without any cost for one time.
Current Account
