What are documents required for opening current account in Bandhan Bank?
Identity Proof as per KYC norms: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc. Address Proof as per KYC norms: Aadhar Card, Valid Passport, Utility bill, Property tax bill, Telephone bill, etc. Commencement of Business Certificate. Incorporation and Board Resolution Certificate.
5,000. A penalty fee of Rs. 300 is charged for non-maintenance of the monthly average balance. Account holders are provided with 50 free cheque leaves on a monthly basis.
Which bank is best for zero balance current account?
Banks Offering Zero Balance Current Account
Can I open a zero-balance current account? Yes, zero-balance current accounts can be opened by anyone.
Is GST required for current account?
The GSTIN is not mandatory when you set up your Current Account with any bank. However, when you register under the GST scheme, you do require a functional Current Account. Therefore the business owner does not have to pay GST on Current Bank Account set up or functioning.
Current Accounts (C/As) can be opened by individuals, partnership firms, private and public limited companies, HUFs/ specified associations, societies, trusts etc. Formalities/procedures relating to introduction and opening of Current Accounts for individuals are same as those mentioned for Savings Bank Accounts.13-Sept-2019
What is the limit of current account?
Monthly Average Balance (MAB) Requirement on Basic Current Account of Different Banks
You are eligible to operate a Regular Current account if you fall under any of the following categories: Resident Individual. Hindu Undivided Family. Sole Proprietorship Firms.
What is current bank limit?
Current personal checking account basics
Read more Current Account Minimum Balance here.
How can I open a current account for free?
How to open a Current Account?
Best Current Accounts Of December 2022
Why is current account needed?
For any business, having a current account is very important in order to conduct their day-to-day transactions with ease. A current account has no cap on the number of transactions made daily and comes with a number of other benefits like the overdraft facility, free NEFT/RTGS/IMPS transactions, and internet banking.19-Apr-2022
Savings accounts earn interest at a rate of around 4%, while there is no such earning from a Current Account. A Current Account is actually a no interest-bearing deposit account.
Can I open current account in post office?
The current account can be opened at the Post Office Counters or at your doorstep through our Postman/GDS.
Which documents required for current account?
Individual documentation: (Identity Proof - anyone of the following documents)
1. You can't have more than one current account. In a word – false. You can have as many current accounts across as many different financial institutions as you like.01-Sept-2021
Who Cannot open current account?
Non-lending banks are not permitted to open current accounts. 3.29-Oct-2021
Most banks only let first-year students apply for their current accounts, and some even put a time limit on when you can do that. But a few banks do let you switch existing student accounts during your studies.13-Dec-2022
What is current deposits?
A current deposit account is, usually, opened by businessmen. The account holder can deposit and withdraw money at any time as the deposit is repayable on demand. It is also known as a demand deposit. No interest is paid on current accounts, rather charges are taken by the bank for services rendered by it.
What are documents required for opening current account in Bandhan Bank?