Current Account

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  1. A current account can be opened in the bank with a minimum deposit of ₹3500.
  2. The first chequebook is provided free of cost. For additional chequebooks, a charge of ₹3 per cheque will be applicable.
  3. If the account balance falls below the required minimum amount, a monthly minimum balance charge will be deducted. No interest is provided on this account.
  4. In case of account closure, charges will be deducted as per the prescribed norms.

Current Account Terms and Conditions

(Including Overdraft and Cash Credit Accounts)

Current accounts may be opened by any individual or group recognized by the bank, under the following conditions:



Eligibility
1. Accounts can be opened either for an individual or on behalf of others.

2. Accounts can be opened under a single name or jointly with the possibility of designating one nominees, as directed by the account holder.
3. Institutions or communities may open accounts based on their rules, whether individually or jointly, as per the structure defined by them.
4. Accounts may also be opened in the name of stores or firms. The terms of operation, including survivor rights and transaction procedures, must align with the firm’s structure and operational guidelines.


Bank’s Rights
1. The bank reserves the right to close a current account at its discretion, without providing a reason.
2. The bank also retains the right to refuse the opening of an account, and to terminate or amend the rules governing current accounts, at any time and without prior notice.


Deposits and Terms
In addition to the terms related to the funds deposited by the account holder, all accounts will be governed by the guidelines of the Reserve Bank of India (RBI) and the decisions made by the bank’s Board of Directors. The bank’s instructions will be final and binding.


Account Opening Process
The individual wishing to open the account must provide an introduction from an existing account holder of the bank.
Additional Note: 
These terms are subject to change as per the bank’s policies and regulatory requirements.