Formalities for opening an account
1 | Application Form |
2 | Introduction |
3 | Proof of residence |
3 | Photograph |
For Company Accounts
1 | Board Resolution |
2 | Memorandum of Association |
3 | Articles of Association |
4 | Certificate of Incorporation |
5 | Certificate of Commencement of Business (for public limited companies) |
Minimum Balance
3 | For individuals : Rs.3,000 |
3 | For institutions: Rs.5,000 |
Facilities
1 | No restriction on number of operations in the account |
2 | Nomination (for personal and sole proprietorship accounts) |
3 | Collection of cheques, bills, drafts |
3 | emporary Overdraft |