Sr. No.
Current Deposit
Traders, Businessmen, Minors over 14yrs, Corporate, HUF, Trusts, Proprietorship/Partnership Firm, Private/Public Ltd., companies, Clubs, Associations, Societies, Individuals, Scheduled/ Co-operative Banks etc..
Purpose
When every Day Number of Deposits/withdrawals are too many and an overdraft facility is required to meet business requirement.
Minimum Amount
Minimum/ Maximum period
No minimum and maximum period
Rate of interest
NA
REPAYMENT PERIOD
36 Equated Monthly Installment.
Prepayment Overdraft/Loan facility interest rate
Facility of overdraft / Loan as per bank’s extant guidelines
Cheque Book facility
Available
Convenient features
Easy Access features
Facility for collection of cheques.
Access to other facilities, viz. collection of cheques, remittances, lockers etc.