Current bank account is opened by businessmen who have a higher number of regular transactions with the bank. It includes deposits, withdrawals and contra transactions. It is also known as Demand Deposit Account.
In Current account, amount can be deposited and withdrawn at any time without giving any notice. It is also suitable for making payments to creditors by using cheques. Cheques received from customers can be deposited in this account for collection
NAME OF NEW SCHEME |
GENERAL CURRENT ACCOUNT |
|
TYPE OF DEPOSIT |
CURRENT ACCOUNT |
|
MIN REQUIREMENT |
nil |
|
MIN BALANCE |
Rs. 3000/- |
|
KYC COMPLIANCE |
IN FULL |
|
BASIC FEATURES/FACILITIES |
NOMINATION FACILITY (INDIVIDUALS ONLY) |
|
|
FREE UNLIMITED WITHDRAWAL |
|
|
FREE STANDING INSTRUCTION |
|
|
FREE ATM CARD (PROP/INDIVIDUAL) FOR FIRST YEAR |
|
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FREE CASH DEPOSIT AT ANY BRANCH |
|
|
WAIVER OF LEDGER FOLIO CHARGES |
|
|
FREE SMS ALERTS |
NAME OF NEW SCHEME |
SPB PREMIUM CURRENT ACCOUNT SCHEME |
|
TYPE OF DEPOSIT |
CURRENT ACCOUNT |
|
MIN REQUIREMENT |
AVERAGE QUARTERLY BAL Rs.1,00,000 |
|
MIN BALANCE |
Rs. 5000/- |
|
KYC COMPLIANCE |
IN FULL |
|
BASIC FEATURES/FACILITIES |
NOMINATION FACILITY (INDIVIDUALS ONLY) |
|
|
FREE PERSONALISED 6 CHEQUE BOOKS OF 45 LEAVES EACH |
|
|
FREE UNLIMITED WITHDRAWAL PER QUARTER |
|
|
FREE STANDING INSTRUCTION FACILITY/BAL.CERTIFICATE |
|
|
FREE ATM CARD (PROP/INDIVIDUAL) FOR FIRST YEAR |
|
|
FREE CASH DEPOSIT AT ANY BRANCH |
|
|
WAIVER OF LEDGER FOLIO CHARGES |
|
|
WAIVER OF DD/PO ISSUE CHARGES |
|
|
WAIVER OF REMITANCES/NEFT/RTGS CHARGES |
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FREE SMS ALERTS |
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PENALTY OF Rs.500/- FOR DEFAULT IN AVERAGE QUARTERLY |
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|
BALANCE |
|
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PENALTY OF Rs 500/- FOR CLOSURE OF A/C WITHIN ONE YEAR |