Current Deposits

 

Current Accounts are active accounts opened by such section of the public like Traders, Businessmen, Corporate Bodies, etc. who like to operate their accounts continuously due to many receipts and payments of money in connection with their business. In these accounts, there is no restriction on the number of withdrawals and deposits

TYPES OF ACCOUNTS:-

Current Accounts may be opened in the names of :-

  • Individual Accounts in the name of a single person.
  • Joint Accounts of two or more individuals.
  • Sole-Proprietory Concern.
  • Partnership Firms.
  • Joint Hindu Family or Hindu Undivided Family.
  • Associations, Clubs, Societies.
  • Trusts/Other Trust Accounts like Provident Fund A/cs.
  • Private and Public Limited Companies and other undertakings registered under Companies Act, 1956.
  • Executors and Administrators.
  • Other Banks.
  • State Financial Corporations.
  • Government/Quasi Government Departments/Boards/Bodies etc.

MINIMUM BALANCE:

The minimum balance required to be maintained in a Current Account is as follows.

 

  Rural Branches

  Other Branches

 For Current Account

  Rs.1000/-

  Rs.3000/-

 

For more details,please contact the Lakhimpur District Co-Operative Bank Ltd. nearest Branch.