Current Deposit

Current Deposit

Current Deposit

Current Account with cheque book facility is offered by the bank to its corporate and business clients.

Current Deposits are available for

1. Individuals
2. Institutions
3. Societies

Eligibility:

Any person or persons approved by the bank in the following manners:

1. In his/her name
2. In the name of two or more persons
3. Co-op. Societies, Institutions and Associations
4. Private/Public Ltd. Company
5. Proprietor/Partner

Initial Deposit:

Initial cash deposit of Rs.3000/- which balance should always be maintained in the Current Account.

Interest:

No interest will be paid on the balance in Current Account.

Statement of Account:

Bank will issue statement of account to the accountholder once in a month on requisition.

Incidental Charges:

Incidental charges as per Service Charge Manual in force will be levied for non-maintenance of minimum balance prescribed, return of Inward/Outward cheques, stop payment instructions, issue of cheque books etc. Refer to our Service Charges else-where on this site.

Minimum Requirement:

1. Introduction by a person known and acceptable to the bank.
2. copies of latest photographs
3. Proof of identity and residence and business proof
4. Copy of PAN card with original for verification

General

The Bank reserves the right to alter, amend and rescind the rules from time to time.

* For more details contact our nearest branch.

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Nizamabad-503003

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