Current Account
A current account with Kanakamahalakshmi Co-operative Bank is designed for businesses and organizations to manage their day-to-day transactions efficiently. It offers a range of features and benefits to cater to the specific needs of businesses.
Key Features of a Current Account :
Individual Current Account:
- PAN Card (ID Proof, Date of Birth Proof & Signature Proof).
- Address Proof (Driving License, AADHAR, Voter ID & Passport).
- Latest Passport size Color Photo’s.
Sole Proprietorship
- Proprietor KYC documents (PAN & Aadhar card only)
- Entity Address Proof
- GST Registration Certificate
- Proprietorship Letter as per bank format
- Latest Passport size Color Photos.
Partnership:
- Partnership Deed
- Entity PAN card
- Entity Address Proof
- Partnership Letter as per bank format
- All Partners KYC Documents (PAN & Aadhar card only)
- Authorized Signatory’s ID & Color Photo
Private Limited Documents:
- Certificate of Incorporation
- Memorandum of Article (MOA)
- Article of Association (AOA)
- Entity Pan Card
- Entity Address Proof
- Board Resolutation
- Latest List of Directors and their KYC Documents (PAN & Aadhar card only)
- Authorized Signatory’s ID, Address proof & Color Photo
Trust/Society/Association/Club Documents
- Certificate of Registration
- Bye-Laws.
- Firm Pan Card
- Firm Address Proof
- Board Resolutation
- Latest List of Directors and their KYC Documents (PAN & Aadhar card only)
- Authorized Signatory’s ID, Address proof & Color Photo
- V.V.Imp Note: If customer wants to open Savings Account, they can provide Tax Exemption Certificates i.e., 80(G) / 12A
Eligibility :
- Individuals, businesses, and organizations can open a current account.
- Specific eligibility criteria may apply, such as minimum balance requirements and documentation.
Required Documents :
- Proof of identity (Aadhaar card, PAN card, passport, etc.)
- Proof of address (Aadhaar card, passport, voter ID card, utility bill, etc.)
- Passport-sized photographs
- Business registration documents (if applicable)
How to Open a Current Account :
Visit a Branch: Locate the nearest branch of Kanakamahalakshmi Co-operative Bank.
Fill Out the Application Form: Obtain an account opening form and fill it out completely and accurately.
Submit Documents: Submit the required documents along with the completed application form.
Initial Deposit: Make an initial deposit to open the account. The minimum deposit amount may vary.
Account Activation: The bank will verify your documents and activate your account. You will receive your account number and other details.
Features:
Free collection of unlimited out-station and local cheques.
Pay order and Demand Drafts shall be issued for any amount.
Money transfer via RTGS/NEFT.
SMS Banking facility,
Mobile Banking Facility with IMPS / NEFT.
Free Tollfree Banking Facility
Free execution of Standing Instructions.
No Folio Charges.
Free emailing of statement of account – Daily/Weekly/Fortnightly/Monthly As Per Cusotmer Request
No Cash Deposit Charges for all denominations.
Instant ATM card approval.
UPI services
Cheque Book Facility
Electronic Clearing Facility