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  Current Deposit :  
 

Sr. No.

Current Deposit

   
Target Group

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

  • Rs.1000/- for Rural/Semi Urban centers. (for individuals and others)
  • Rs.2000/- for individual at  urban center
  • Rs.3000/- for others at Urban centers

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 to operate.
  • Minimum formalities (hassle free) while opening of an account.
  • No restrictions on number and amount of withdrawals.
  • Allows execution of your Standing Instructions.

Easy Access features

  • Facility for collection of cheques.

  • Access to other facilities, viz. collection of cheques, remittances, lockers etc.

 

 
   
 
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