Periodicity of Deposit - Running (Operative) Account
Interest - Not eligible for interest
Nomination facility - Available for Individual Accounts, Joint Accounts. Not available for accounts held in partnerships, Associations, Clubs and other organizations
Facilities - Debit Card, Pass Sheet, Standing Instructions, Collection of local and outstation Cheques, SMS Alerts, Internet/Mobile Banking
Memorandum and Articles of Association, Certificate of Commencement of Business, Partnership Deed, (wherever required) Certificate of Incorporation and Board Resolution, Registration Certificate (in the case of a registered concern)
Certificate / Licence issued by the Municipal Authorities under Shop & Establishment Act etc.
Proof of Photo ID and address as per KYC Norms
Specimen Signature Card
Photographs of depositor’s
Other relevant documents related to business / profession
Eligibility Criteria
Individuals
Sole Proprietary Concerns
Partnership Firms
Limited Liability Partnership
Hindu Undivided Family
Private and Public Limited Companies
Public Corporations
Registered or Unregistered Societies or Associations / Clubs
Trusts/Provident Funds
Executors and Administrators
Government/Semi-Government Bodies etc. Departments, Taluk/ District Boards, Local
