A Current Account is a type of deposit account that can be opened by any individual or entity. It is primarily designed for business entities that require frequent transactions for day-to-day financial operations. This account typically does not earn interest. Funds can be deposited or withdrawn in any amount and at any frequency, subject to the availability of sufficient balance.

Features

Min. BalanceNrs. 1000 /-

Charges

ServicesAmountOffer
Cheque Book-Free

Required Documents

  • Company Registration Certificate
  • PAN Certificate
  • Operating License (where applicable)
  • MOA and AOA
  • Shareholding Record Provided by Office of Company Registrar
  • Minutes of the Board of Directors for opening the account and specifying mode of operations of the account
  • KYC information and documents of Directors, Chief Executive Officer, Senior Management and Account Operators (Also the KYC Information of the Committee Members if the Company has formed any committees).
  • PP Size Photo of Directors and Account Operators, if any
  • KYC Information and documents of the Shareholders who have more than 10% shareholding in the company.
  • KYC information and documents of the Shareholders / Directors of the company/organization if any legal person (company or organization) has been holding more than 10% in the company, which is intending to open the account.
  • Audited Financial of last FY (where applicable)
  • Tax Clearance Certificate of last FY (where applicable)
  • Covering Letter and Stamp