|(i)||Current Accounts can be opened by individuals, partnership firms, private and public limited companies, HUFs /specified associates, trusts, etc.|
|(ii)||As required by law, while opening this account, we satisfy ourselves about the identity, including verification of address, of a person(s) seeking to open an account to assist in protecting the right of customer(s) and ourselves against fraud and other misuses of the banking system.|
|(iii)||Where the prospective customer provides documents of identity and address as required under the customer acceptance policy, upto the satisfaction of the Bank.|
|(iv)||You are required to give Aadhaar and Permanent Account Number (PAN) or alternatively obtain declaration in Form No. 60 or 61 as per the Income Tax Act (vide Section 139A) from the person(s) opening the account (i.e. including partners of Registered/Unregistered partnership as also Registered / Incorporated bodies / companies).|
|(v)||We provide to our prospective customers details of the documents required for identification & address of the person(s) opening the account .|
|(vi)||Minimum balance as stipulated from time to time is required to be maintained and no interest is paid on credit balances kept in current account.|
|(vii)||Services charges are levied for:
Ledger folio used
Cheque Books issued
Non-maintenance of minimum balance.
Return of cheques etc.
Other facilities as required by the Current Account Customer.
|(viii)||For opening special types of current accounts like for Executors Administrators, Trustees, Liquidators, etc., the Branch Manager may be contacted who will help in opening these type of accounts.|
As per RBI directives, the applicant (i.e. account opener) should declare in the account opening form or separately that he is not enjoying any Credit facility with any Bank and if he does enjoy any facility/facilities he should declare full particulars therefore indicating the name of the Bank and name of the Branch, wherefrom he has availed these facilities.
MSME certificate or incorporation certificate is not necessary for opening of current account for Micro enterprises.
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