Current Account

General features of DOMESTIC DEPOSIT SCHEMES :

  • For Domestic Term Deposits, Tax Deduction at Source is applicable, if the interest income for the financial year exceeds 10,000 for the customer, unless he/she produces PAN card and Tax exemption certificate/ Form 15G/H.
  • Nomination is require_onced for all accounts.

Current Account :

  • Suitable for companies, associations etc. for frequent operation.
  • Can also be opened by individuals, other than minors, as joint account.
  • There is no restriction in the operation of the account.
  • Folio charges are applicable.
  • Current accounts can be opened as NRE a/c and NRO a/c also.
  • Cheque book facility available.

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