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Features of Current Bank Account:
  1. Current bank accounts are operated to run a business.
  2. It is a non-interest bearing bank account.
  3. It needs a higher minimum balance to be maintained as compared to the savings account.
  4. Penalty is charged if minimum balance is not maintained in the current account.
  5. It charges interest on the short-term funds borrowed from the bank. It is of a continuing nature as there is no fixed period to hold a current account.
  6. The main objective of current bank account is to enable the businessmen to conduct their business transactions smoothly.
  7. There is no restriction on the number and amount of deposits.
  8. There is also no restriction on the number and amount of withdrawals made, as long as the current account holder has funds in his bank account.
  9. Generally, bank does not pay any interest on current account.
Required Document for Current Account:
  1. Identity Proof (Passport / Voter ID / PAN Card / Driving License).
  2. Address Proof (Electricity Bill / Telephone Bill / Bank Ac Statement / Ration Card / Gas Connection Receipt / Salary Slip).
  3. 3 Passport size photographs.
  4. Introduction by an existing Bank customer. If needed.

How to Apply:

Click here for download Current Account Opening form and contact your nearest branch of Udham Singh Nagar District Co-op. Bank Ltd along with all required documents.