Current Account can be opened by individuals,Corporates,Pvt Ltd,Public Ltd, Co-operative Institutions, Housing Societies,Trust,Aop etc.Account could be opened with initial amount of Rs. 2000/-Minimum balance of Rs. 2000/- should be maintained

• With Cheque Book Facility - Rs 1,000/-
• Without Cheque Book Facility - Rs 2000/-

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Benefits

Can avail overdraft facilities on pledging Fixed Deposit Receipts.

Documents Required

• 02 passport size photographs each
• Pan Card
• Adhar Card
• Residence Light Bill
• Shop Act Licence
• Partnership Deed
• Memorandum of Association
• Articles of Association
• Certification of Incorporation of Co.
• Borad Resolution for opening account
• List of Directors
• Letter of Signature authority

Documents required while opening current account of co-oprative banks and societies:

• Registration of Bank / Society.
• Bye-laws of Bank / Society.
• Permission to carry on Banking Business in case of a bank.
• Resolution of Board of Directors to open Current Account with MSCB, and authority to office bearers to operate the said Current Account
• Name of office bearers and their specimen signatures and Photograph
• List of Directors & their addresses in case of co-operative Bank
• Annual Report of the concerned institutions
• Account could be opened with initial amount of Rs. 5000/-
• Minimum balance of Rs. 5000/- should be maintained