Current bank account is opened by businessmen who have a higher number of regular transactions with the bank. It includes deposits, withdrawals, and contra transactions. From a wide range of Current Account products to convenient banking solutions like Mobile Banking.
Current bank accounts are operated to run a business. SMS Alerts and Statement on email to your mail ID It is a non-interest bearing bank account. Mobile Banking (IMPS), UPI (Gpay, PhonePay, BHIM, etc) It needs a higher minimum balance to be maintained as compared to the savings account. Penalty is charged if minimum balance is not maintained in the current account. It charges interest on the short-term funds borrowed from the bank. The main objective of current bank account is to enable the businessmen to conduct their business transactions smoothly. There is no restriction on the number and amount of deposits.
Application form (Download from download section) Compulsary Documents : PAN & Aadhar Cards,Udyam Aadhar Proof of Identity: Voter Id Card, Passport, Driving License, Aadhar Card Proof of Address: Latest Telephone Bill or Electricity Bill, Aadhar Card Recent Color Photograph(3 Nos.) PAN linked with Aadhar Card
Any other identity, address, entity, document can be accepted subject to the bank's satisfaction. KYC documents should be valid on the date of submission. The above are the Indicative list of KYC documents and are subject to change as per regulatory guidelines and internal KYC Circulars of the Bank. For more information, please visit our nearest branch. No interest is paid on current account. However, in case of death of the individual and sole proprietorship account holder, interest will be given as per the prevailing interest rate of the savings account while returning the money to the heir from the date of death.