Current Account

Current Accounts are active accounts opened by such section of the public like Traders, Businessmen, Corporate Bodies, etc. who like to operate their accounts continuously due to many receipts and payments of money in connection with their business. In these accounts, there is no restriction on the number of withdrawals and deposits.

  • CURRENT ACCOUNTS MAY BE OPENED IN THE NAMES OF :
    • Individual Accounts in the name of a single person.
    • Joint Accounts of two or more individuals.
    • Sole-Proprietary Concern.
    • Partnership Firms.
    • Joint Hindu Family or Hindu Undivided Family.
    • Associations, Clubs, Societies.
    • Trusts/Other Trust Accounts.
    • Private and Public Limited Companies and other undertakings registered under Companies Act, 1956 and as per RBI guidelines time to time.
  • DULY FILLED IN ACCOUNT OPENING FORM WITH VALID :
    • Registration certificate & Other Constitutional Documents
    • In case of Proprietorship concern two business proof required
    • Identification and residential proof of all authorized personnel and beneficial owners
    • Electricity Bill
    • Telephone Bill
    • PAN Number
    • Photographs
  • The initial deposit on opening of an account should always be paid in cash : -
S.No Type Rural Branches – Outside branches in Mumbai, Navi Mumbai & Thane Region Account Opened at branches in Mumbai, Navi Mumbai & Thane Region
1 Individual Rs.1000/- Rs.3000/-
2 Others Rs.1000/- Rs.3000/-
  • ROI : Not Applicable
  • Service Charges : Please Click Here
  • Standing instructions of the customers are also accepted. No charges will be levied for standing instructions within the Branch such as payment of monthly instalment of Recurring Deposit, payment of EMI of loan account, etc.
  • Nomination facility is available for individual/sole proprietary accounts.