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Current Accounts are business accounts so that you can deposit all your cash / cheque / drafts and can make payments to your suppliers through cheque / DD / Pay Order / NEFT or RTGS.
No interest is payable in Current accounts. Some routine charges are levied for the great services rendered to you.
Who can open Current Account
• Individuals
• Proprietorship Concern
• Partnership Firm.
• Private Limited Co.
• Public Limited Co.
• Registered Societies.
• Trust.
Minimum Balance:
• Current account holder is required to maintain a minimum of Rs.3000/
Facilities:
• Free any branch banking facilities.
• Standing Instructions.
Facilities:
• Free any branch banking facilities.
• Standing Instructions.
• Statement of account.
How to Open a Current Account
You need to visit your nearest branch to open current accounts. With a view to speed up processing, you should carry the following documents with you while visiting the branch:
1. Your KYC documents (Photographs, PAN Card, Photo ID and Address Proof of each joint account holder / signatory).
2. Documents related to establishment of your business (e.g. Address of business, activity, Trade Tax, PAN Card, GST Registration etc. In addition to this, wherever applicable, partnership deed, Certificate of Commencement of Business, Memorandum and Article of Association, Board Resolution, Trust Deed etc. would also be required.)
Sanction of Overdraft Limits in Current Account
One of the reasons of popularity of Current Accounts is the facility of regular OD limits that may be granted in these accounts. VSV Bank grants OD limits in Current accounts against bank’s own FDRs, Post Office Receipts (NSC / KVP), LIC policy / or against property etc.).
Apply online for Current Account. Our representative will call you very soon.
