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.
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|
Accepted in the accounts of individual(s) and sole-proprietorship concerns only.
|Transferability Option||Available within Bank's Branches|
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.