What are the documents required to open current account in Axis Bank?
KYC Documentation for opening a Current Account - Constitution Wise
Proof of identity of the proprietor/trader/professional/institution/association, etc. such as the PAN card. Additional documents for individuals include voter ID, passport, driving licence. Proof of address for an individual: Telephone bill, electric bill.
What is the eligibility for current account?
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 the maximum time within which I have to complete my application? You need to complete all 4 steps of your application within 3 days (72 hours) from the time you completed your Aadhaar based OTP verification in Step 1.
What are the 4 types of current account?
Read more Current Account Minimum Balance here.
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 are the 3 types of current accounts?
Types of current accounts
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.
Which bank is best for Current Account?
Best Banks for Current Account
Non-lending banks are not permitted to open current accounts. 3.29-Oct-2021
Can I open a current account with no income?
The answer is yes, you can still get a current account if you're unemployed.
As we mentioned earlier that a Current Account is a zero-interest account, there is no tax on Current Account.
What is Axis Bank minimum balance?
The Axis Bank Easy Access Savings Account allows you to maintain a monthly average balance requirement of ₹ 12,000 if you are carrying out online banking from a metro city. The minimum opening deposit in your account will be ₹ 16,000.
Yes, zero-balance current accounts can be opened by anyone.
What are the charges for current account in Axis Bank?
Key fees on your Account
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
What is the benefit of current account?
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
50,00,000/- per month, beyond which charges @ Rs. 2 per 1000, min Rs. 50/-per transaction on incremental amount; Third party cash withdrawal allowed only up to maximum Rs. 50,000/- per transaction.in the current economy.
Can I open current account in any branch?
However, the only criteria for a Current Account is the average minimum balance which has to be maintained every quarter. In the recent times, most banks have implemented core banking solutions, which means that an account can be operated from any bank branch.
Documents required for opening a Current Account
Which bank has lowest minimum balance for current account?
Current Accounts generally have high Minimum Balance Requirement. However, ICICI and Axis Bank are the best banks as they offer an option of Zero Balance Current Account.
What are the documents required to open current account in Axis Bank?