Current Account

  • Current account is opened by businessmen who have a number of regular transactions with the Society, both deposits and withdrawals. It is also known as Demand Deposit.

  • In Our Society current account can be opened by depositing Rs.500 to Rs.1,000 . The customers are allowed to withdraw the amount with cheques and they generally do not get any interest

Features of Current Account

  • The main objective of current account is to enable the businessmen to conduct their business transactions smoothly

  • There is no restriction on the number and amount of deposits. There is also no restriction on the withdrawals

  • Generally bank does not pay any interest on current account. Nowadays, some banks do pay interest on current accounts

  • Current account is of continuing nature and as such there is no fixed period Advantages of Current Account

  • Current account enables businessmen to conduct his business transactions smoothly

  • The businessmen can withdraw any amount at any time from their current accounts.There are also no restrictions on withdrawals

Loan & Advanced

Account & Deposite