ODPC Bank

Current Account

ODPC Bank facilitates more flexibility to the customers by providing Current deposits scheme. Current accounts at ODPC Bank provide the convenience to the customers of safety & security of their deposits in addition to quick access to their funds. Current deposit, by nature is for those customers who prefer to transact with the banks more frequently. At ODPC Bank, customers always enjoy services with a personalized touch. ODPC Bank is a 100% CBS enabled bank & customers can get the benefit of ‘Any Branch Banking’.
As per RBI directive banks are not allowed to pay any interest on the balances maintained in Current accounts. However, in case of death of the account holder his legal heirs are paid interest at the rates applicable to Savings bank deposit from the date of death till the date of settlement. Because of the large number of transactions in the account and volatile nature of balances maintained, banks usually levy certain service charges for operating a Current account.

Account can be opened by

Checklist

Basic Features

Benefits

Minimum balance charges

Additional documentation required to open current account as per the constitution of firm

Proprietorship firm

Requirements

  1. Business Activity proof- copy of shop & establishment, any certificate issued by / registration document issued by Sales Tax Authorities/ Service Tax Authorities/ Professional Tax Authorities, audited copies of latest balance sheet and income tax returns, letter from Chartered Accountant for operation of business

  2. Business Address proof of shop/ firm (electricity bill, telephone bill, latest bank account statement, Income tax/ wealth tax assessment order, Maintenance bill of society, registered leave and license agreement

  3. A) Proprietorship letter

Partnership firm

Requirements

  1. PAN of FIRM and all partners with original for verification or declaration of form-60/6

  2. Business Address proof of shop/ firm

  3. Partnership letter

  4. List of partners

  5. Certificate of registration

  6. Registered partnership Deed

Limited companies

Requirements

  1. PAN of the company and all directors with original for verification or declaration of form-60/61

  2. Business Address proof of Company

  3. Certificate of Registration

  4. List of all directors

  5. Memorandam & Articles of Association

  6. Resolution with company seal

  7. CIN no. of the company and DIN numbers of all directors

  8. Certificate of business commencement (in case of Public Limited Company)

General

Requirements

  1. Bank reserves the right to close any account, if cheque drawn are returned unpaid frequently for want of funds or the account is considered as irregular/ non-satisfactory

  2. Account not in operation for more than two years will be treated as inoperative/ dormant account

  3. Bank reserves the right to alter, amend, rescind the rules from time to time

(For More Details Please Visit Our Nearest Branch) T&C Applicable
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