Current Deposit
A current account are primarily designed for businesses, professionals, firms and organizations that require frequent and high-volume financial transactions. Unlike savings accounts, current accounts do not earn interest but offer features like high transaction limits for deposits and withdrawals.
Account can be opened by:
- An Individual singly.
- Two or More individuals
- Sole Proprietary Concerns.
- Partnership Firm.
- Private Limited Companies.
- Registered Societies/Associations/Clubs etc.
Documents Required
- Two passport size photographs of Proprietor/Partners/Authorised Signatories
- Permanent Account Number (PAN) Card–Proprietor/Partners/Commercial entity
- Aadhaar Card Proprietor/Partners
Proof of residence
- Passport, Driving License, Voters Card, any utility bill etc.Proprietor/Partners
Business Proof
- Copy of PAN Card of firm, company, society etc.
- Copy of certificate of Incorporation, Memorandum of Association, Article of Association.
- Partnership Deed/Trust Deed, Approved copy of Bye-laws of the society.