The Current Account are opened to meet needs of the business community involving large transactions of business nature. This Account can be opened by an individual, a firm, Partnership Associations, Trusts, Societies and Companies. This account can be opened by an individual, jointly with another individual, by a guardian on behalf of the Minor, Trusts, Associations and Societies.

The current accounts are opened to meet the needs of business community involving large transactions of business nature.

The account can be opened by an individual, jointly with another individual, a firm, Partnership associations, Trusts Societies and Companies.

This account should be introduced by a person well-known to the Bank.

The account can be opened with a minimum balance of Rs .300/- and the same shall have to be maintained at all times.

No interest is paid on the balance maintained in the account. The Current Accounts attract some charges. Currently an incidental charge of Rs. 10/- per page of accounting entries is debited subject to a minimum of Rs. 10/-. These incidental charges are debited at the end of each half year.

While account can be transferred from one Branch to another it cannot be transferred from one person to another. However at the instructions of the individual / joint account holder/s, the addition or deletion of another joint holder will be acted upon by the Bank.

The account holder should use the account opening form, specimen signature card, paying in slips, cheque leaves issued by the Bank. While crediting amounts to the account separate challans for cash / cheques should be used. Such cheques when tendered should be crossed by the account holder. The applies to drafts also. The Bank will issue cheques payable to BEARER and should the customer change it to ORDER he shall do so at his risk and responsibility.

In the event of loss of pass book the account holder should pay a fee of Rs. 10/- for issue of duplicate pass book and copying charges when necessary.

While local cheques will be present at the Clearing at the earliest point of time, outstation cheques will be sent for collection through our branches or through our agency banks which may entitle considerable delay for receipt of proceeds. Likewise local bills, outstation bills may entail considerable time for presentment /receipt of proceeds, Under no circumstances withdrawals will be permitted against uncleared credits through such credits might be posted in the ledger. Account holders must ensure themselves that they are not drawing against the same. However in the event of the balance coming to debited for any reason, the account holder should reimburse the Bank immediately on receipt of notice from the Bank . interest on such debits will be debited to the account as applicable under clear advances.

It should also be noted that the Bank will not be responsible for the payment through oversight or in the hurry of business of a cheque which might have been advised as last / mislaid / payment stopped cheques.

It must be distinctly understood that :

1. The Bank will take every precaution to see that all remittances and amounts paid in, of any nature, in any manner and at any place for the credit in, of any nature, in any manner and at any place for the credit of accounts, are correctly remitted or credited in the respective accounts, are correctly remitted or credited in the respective accounts. But if any cheque drawn against such remittances or credits happens to be returned for any cause, the Bank will not be held liable for any damage arising there from.
2. The Bank will not be responsible for any omission or delay in the despatch of transfer of remittance.

Under Bank's general lien the Bank has right to appropriate the money in the current account towards the dues payable by the account holder / s under some other account to the Bank

Where an account remains in-operative for one year and over or where an account is operated by the account holder/s with insufficient minimum balance or where cheques issued by the account holder/s are returned for want of "Full Cover" or acting in a manner prejudicial in the interest of the Bank such accounts will be closed by the Bank with or without notice to the account holder/s and the balance, if any, will be remitted by a pay order to the account holder /s after deducting the necessary charges. The Bank reserves the right to charge the service charges of Rs. 20/- where the account is in-operative for more than one year. Where the balance is below Rs. 300/- but more than Rs.20/- a service charge of Rs. 20/- P.A. will be debited. Where the balance in the account at credit is less than Rs. 20/-, the same will be adjusted towards service charges and account will be closed.

The account can be closed only by the account holder / jointly by all the accounts holders or as the case may be. The unused cheques and the requisition forms for issue of cheques should be returned to the Bank at the time of closing the account.

The Bank has got the right to alter the rules in this behalf and the account holder is bound by such alterations in the rules.