Facility for unlimited transactions – suitable for business.
Minimum balance requirement – deposit limit as per need.
Cheque book facility – easy payments and transactions.
Passbook / statement available – clear record of every transaction.
Fast fund transfer services – NEFT, RTGS.
Online / mobile banking – manage transactions from anywhere.
SMS alert service – instant information of every transaction.
Current Account
A current account is most useful for traders, professionals, entrepreneurs, shopkeepers, and individuals/institutions that require frequent large transactions. This account allows unlimited transactions, cheque facilities, and fast financial management.
Benefits of a Current Account
Provides the facility to carry out unlimited transactions for business.
Temporary fund facilities like Overdraft (OD) are available.
Cheque book and Demand Draft (DD) are provided for large transactions.
Online banking and fast fund transfer facilities (RTGS/NEFT) are available.
Increases the financial credibility of the business.
Features of a Current Account
Documents Required to Open a Current Account
For Individuals:
Aadhaar Card
PAN Card
Address Proof
Two Passport-size Photos
For Business / Shop / Company:
Business Registration Certificate / Shop License
GST Certificate (if available)
PAN Card (Business / Organization)
KYC documents of the authorized representative
Partnership Deed (if a partnership)
MOA / AOA and Board Resolution (if a company)