Inner Banner

Current Account

Current accounts are opened with sums of Rs.250.00 and upwards. A credit balance of at least Rs.250.00 should always be maintained in an account. Cooperative societies are permitted to run Current Accounts with a minimum balance of Rs.1,000.00

Accounts may be opened in the name of two persons with the right to operate upon by either or survivor or both. No account will be opened in the name of more than two persons unless they form a corporation.

When accounts are opened in the name of firms, institutions, associations, societies and companies, the rules or regulations governing them should be furnished when opening the account and also the modifications or alterations thereof, if any, communicated to the bank from time to time.

Pass Books, and pay-in-slips are issued free of cost.

The constituents must use only the cheque forms supplied by the bank for operating upon their current accounts. No other forms will be recognized.

Applications for cheque books must ordinarily be made by the constituents in the prescribed forms supplied with each book.

Notice of stop-cheques will be recorded, but the bank does not accept any responsibility in case such instructions are overlooked.

Constituents are requested to keep cheque books under lock and key. The bank does not hold itself responsible in any way for any unauthorized payment resulting from negligence on the part of the customers in the safe keeping of the cheque book.

Back to Top