Current account deals largely with liquid deposits; this nature of account allows for withdrawal of funds and cheques being written against the balance and does not limit the number of transactions in a day.

1.      Features:

1.      Unlimited withdrawals and deposits.

2.      Non – Interest bearing account.

2.      Eligibility:

1.      All corporate bodies.

3.      Minimum balance and Interest Rate:

1.      Minimum balance: Zero

1.      Documentation

·         Duly filled account opening and KYC form

·         Registration Document

·         License (for institution required license to operate)

·         Permanent Account Number (PAN)/TAN/VAT

·         KYC details of Beneficial Owner (BOD Member / Shareholder /Signatory etc.)

·         Audited /Management certified Financial Statement of previous fiscal year.

·         Tax Clearance Certificate or Tax Receipt of previous fiscal year.

·         AOA/MOA/Constitution of the Organization based institution type.

·         Other KYC Information / Document as applicable.