Current Account
All You Need to Know About Pune Peoples Bank Current Account
Current Account - FEATURES
A Current Account is designed for businesses, organizations, and individuals who need to manage frequent transactions. Ideal for day-to-day operations, it provides easy access to funds and is perfect for high-volume transactions with the flexibility of direct banking services.
Facilities Offered
- Direct RTGS/NEFT Facility: Seamlessly transfer funds to any bank.
- Any Branch Banking Facility: Access your account from any branch of the bank.
- Free ATM Card: Available for individuals and proprietary concerns.
- SMS Alerts: Stay updated with transaction alerts directly to your mobile.
- Personalized Cheque Book: Customized chequebook-printing facility.
- POS Machine
- QR Code Facility
ELIGIBILITY CRITERIA
- Individuals
- Hindu Undivided Families (HUF)
- Proprietary concerns
- Partnership firms
- Companies
- Trusts
- Local bodies
To open a current account, the account holder must sign the account opening form(s) and provide the prescribed documents for verification.
Minimum Deposit & Balance
- Initial Deposit: ₹2,500 (for Proprietary Firm) 5,000 for (Partnership firms)
- Minimum Balance: ₹2,500 (for Proprietary Firm) 5,000 for (Partnership firms)
RATE OF INTEREST & CHARGES
- Current accounts typically do not offer interest on balances, as they are meant for active transactions rather than saving.
REQUIRED DOCUMENTS
Identity and Address Proof (Any one of the following):
- Aadhaar Card
- Passport
- Voter ID
- PAN Card
- Government-issued Identity Card
- Utility Bills (Electricity, Water, Telephone, etc.)
- Rent Agreement
- Bank Account Statement
Business Proof(For Non-Individual/Business Account):
- Business Registration Certificate
- Partnership Deed (for partnership firms)
- Certificate of Incorporation (for companies)
- GST Registration (if applicable)
- Trade License
Photographs:
- Recent passport-size photographs (usually 2-3).
Additional Documents (if applicable):
- PAN Card of the entity or individual
- Resolution from the Board of Directors (for companies)
- Memorandum and Articles of Association (for companies)
Additional documents may be required for businesses, such as partnership deeds, company registration certificates, etc.
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