CURRENT ACCOUNT

Current accounts
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CURRENT ACCOUNT

Why you choose our current account

Current Accounts are opened for Co-operative Institutions, Individuals and other firms/Company (known to the Bank or) properly introduced. However, an individual person desiring to open a Current Account Shall furnish two Passport size Photographs, ID proof, address proof and Permanent Account Number or General Index Number as per the guidelines issued by the Income Tax authority

In the case of accounts to be opened in the names of Co-operative and other Institutions, the resolution of the Board of Management of the concerned institution, for opening an account and the officials authorized to operate on the account, together with the Rules and Bye-laws governing such institution's Memorandum and Articles of Association, as the case may be and all other necessary information required by the Bank should be furnished at the time of opening the account.

Interest Rates for Deposits

PeriodInterest Rate
40 days to 90 days5.50%
90 Days to 179 Days6.00%
180 Days to 364 Days7.00%
1 Year and above less than 2 Years9.50%
Above 2 years to less than 3 years9.60%
Above 3 years9.75%
S.B. A/c (on daily balance of all accounts)3%
R.D9.50%
Pigmi3.00%
For Senior Citizens, Societies, Screw, Service Members, Ex-Service Men, an additional 0.50% interest is inclusive in the rates.

Penalty: Penalty rate of interest at 1% will be levied in case of premature withdrawal/re-investment of Term Deposits.