Current Deposit Accounts
"Current Deposit Account" is demand deposit and is meant for businessmen, firms, companies, corporations, trusts and individuals with no restriction on number of drawals.
| Eligibility | An Individual singly or jointly, Sole proprietary business concern ,Partnership or joint stock Company, HUF firms, Limited Companies, Trusts, Association, Local Bodies, Societies, Executors and Administrators, Govt./Semi Govt. Undertakings, Agents on behalf of principal etc. can open the account under the scheme with a prescribed minimum balance. |
|---|---|
| Interest | No interest payable |
| Nomination | Accepted in the accounts of individual(s) and sole-proprietorship concerns only. |
| Transferability Option | Available within Bank's Branches |
| Other facilities | 1)Can be used for secured overdraft facility. 2)Standing Instruction Facility is accepted. 3)Debit cum ATM Card, Mobile Banking, Internet Banking, SMS services are available. |
