Current Account
A robust current account built for businesses and traders who require unlimited daily transactions and advanced banking facilities.
Rashtrakuta Souharda Sahakari Bank's Current Account is the ideal banking solution for proprietorships, partnerships, companies, traders, and professionals who handle high volumes of daily transactions. Our current account offers unlimited withdrawals and deposits, an overdraft facility, and free RTGS/NEFT transactions to support your business operations without interruption. A dedicated relationship manager is assigned to each current account holder for personalised service. Enjoy multi-city cheque facility and access to our digital banking platform for real-time monitoring of your business cash flows.
Minimum Quarterly Average Balance: ?5,000
Overdraft Facility: Available on collateral or turnover basis
Current Account Highlights
- Unlimited transactions
- Overdraft facility available
- Multi-city cheque facility
- Free RTGS/NEFT transfers
- Dedicated relationship manager
- Cheque book facility
Eligibility
Current Accounts can be opened by:
- Business owners and professionals
- Proprietorship firms
- Partnership firms
- Companies and institutions
- Trusts, associations, and organizations (as per society rules)
Documents Required
To open a Current Account, the following documents are generally required:
- Duly filled account opening application form
- Identity and address proof of account holder(s)
- Business registration or relevant establishment documents
- PAN card of the individual or entity
- Recent passport-size photographs
- Any additional documents required as per KYC norms
| Account Maintenance & Interest | |
|---|---|
| Minimum Balance (No Cheque Book) | Rs. 2000/- |
| Minimum Balance (With Cheque Book) | Rs. 2,000/- |
| Interest Calculation | Calculated on daily balance; Credited periodically |
| Modes of Operation | Single, Joint, Either or Survivor, Former or Survivor |
Inactive Accounts
Accounts in which there are no operations for a period of two years and above from the date of last operation will be treated as inoperative accounts. Service charge as prescribed by the bank will be levied on such accounts. If no operations are there for ten years, the amount will be transferred to DEAF account @ RBI.
The Bank reserves to itself the right to alter/add/delete the rules at any time. For this purpose, the Bank shall not require to give a separate notice to each account holder. All announcements of any change in the rules, displayed on the Bank's Notice Board or published in the press / Bank's website shall be deemed to be sufficient notice to all account holders.
Account Closure
Request for closure of account shall be in writing. The account holder shall return all unused cheque-leaves and Pass-book. He / She shall declare that all cheques issued by him / her on the account have been duly accounted for in the account before closure. In case of joint accounts, for closing the accounts, all the depositors should act in accordance with the instructions given at time of opening the account.
The bank reserves to itself the right to close any account, which in its opinion is not properly conducted or is otherwise undesirable for any reason. If the account is closed within one year from the date of opening, incidental charges as prescribed by the bank will be levied and deducted from the balance before it is paid.