Uttar Bihar Gramin Bank Current Account

Running a business is hard enough—your bank account shouldn’t add friction. The Uttar Bihar Gramin Bank (UBGB) Current Account is built to keep day-to-day operations smooth: receive and pay vendors, issue cheques, track transactions cleanly, and keep documentation in order. No buzzwords—just the essentials a business actually needs.

Who can open this account (Eligibility)

• Individuals: For proprietors or professionals who want a dedicated account for business receipts and payments.
• Joint holders (up to four members): Useful for small partnerships and joint ventures needing shared access.
• Proprietor accounts: Ideal for sole proprietorships that want clear separation between personal and business money.
• HUF (Hindu Undivided Family): HUFs can open and operate as per Karta/authorized signatory rules.
• Private Limited Companies: Registered Pvt. Ltd. entities with board authorization.
• Designated credit societies/associations: Registered or unregistered societies and associations can operate a current account.
• Trusts and Partnership Firms: For registered trusts and firms with proper constitutions and authorizations.
• Schools and Red Cross Societies: Dedicated support for educational institutions and Red Cross units.

If you fall into one of the categories above, UBGB can help you set up an operating account that suits your documentation and approval structure.

Specific account options available

• P.F. Account (Provident Fund related)
• School / Red Cross Society Account tailored to the operating needs and approvals of such institutions

Ask the branch which specific variant matches your entity type and usage.

Documents you’ll need (Checklist)

Bring originals for verification and clear photocopies for submission. Depending on your organization type, the bank may ask for one or more of the following:

• Account Opening Application (UBGB prescribed format)
• Photo identification proof of the authorized signatory(ies)
• PAN Card of the entity/individual as applicable (or Form 60/61 if PAN is not available)
• Proof of residence/address (as per KYC norms)
• Photographs of authorized signatory(ies)
• Memorandum & Articles of Association (for companies)
• Proof of commencement of business (incorporation/registration certificate, etc.)
• Partnership Deed (for firms)
• Board Resolution / Authorization (for companies and registered institutions)
• Shop & Establishment Certificate (for eligible business entities)

Not every entity needs every document. The branch will guide you to the exact list for your structure.

Minimum opening deposit

• Rural areas: ₹3,000
• Semi-urban areas: ₹3,000

Treat this as the minimum deposit to open the account. For ongoing balance requirements and any related charges, check the latest schedule at your branch.

Withdrawals and day-to-day usage

• Withdrawal limit: No specific withdrawal limit has been prescribed in the shared details. You can operate the account as your cash flow needs demand, subject to standard banking norms and any applicable cash-handling or transaction guidelines.
• Interest: Not applicable on current accounts. These are designed for high-frequency transactions, not for earning interest.
• TDS: Not applicable on this account type since interest is not paid.

Nomination and loan—know the rules

• Nomination facility: Available for individual and joint accounts. This is a simple but important step—set it up when you open the account.
• Loan facility: Not available on the current account itself. If you need working capital or term finance, speak to the branch about separate credit products that can be sanctioned independently of the current account.

Tools that make operations easier

• RuPay Debit Card: Available for individual current accounts. This helps proprietors and professionals make purchases and ATM withdrawals conveniently. For non-individual entities, ask the branch about card issuance as per policy.
• CTS Chequebook facility: Issue CTS-compliant cheques to vendors, landlords, service providers, or for reimbursements.
• E-statement and Passbook: Keep a clean record for audits, GST filings, reimbursements, and year-end accounts. E-statements are handy for quick sharing with your accountant; passbooks add a physical trail many businesses still prefer.

How to open your UBGB Current Account

1. Choose your entity type and confirm the authorized signatory format (individual, joint, Karta, partners, trustees, directors).
2. Collect documents using the checklist above. Keep original IDs and proofs for in-person verification.
3. Fill the UBGB application form and add your KYC details.
4. Provide board/partner/authorizer resolutions wherever required.
5. Deposit the minimum opening amount (₹3,000 in rural or semi-urban areas, as applicable).
6. Set up cheque book & e-statement preferences, and request a RuPay debit card if you are opening an individual current account.
7. Add a nominee (for individual/joint structures).
8. Collect your welcome kit and confirm when cheques/debit card will be ready.

Why businesses choose a UBGB Current Account

• Simple onboarding across a wide range of entity types
• Clear documentation and a process that aligns to Indian compliance norms
• Operational convenience with CTS cheques, e-statements, passbook, and (for individuals) RuPay card access
• Local understanding of rural and semi-urban needs, with practical guidance at the branch counter

Smart operating tips

• Segregate business and personal money. Even proprietors benefit from clean books when tax season comes.
• Use cheques or e-statements to document major payments. This simplifies audits and vendor reconciliations.
• Keep your authorization matrix updated. If directors/partners change, file fresh resolutions promptly.
• Review charges and limits periodically. Banking schedules can change—stay current to avoid surprises.
• Enable nomination where eligible, and revisit it after major organizational or family changes.

Quick answers to common questions

Can I earn interest on a current account?
No. Current accounts are built for transactions, not for interest income.

Is there any TDS deduction?
No TDS is deducted on this account since interest doesn’t apply.

How many people can jointly operate the account?
Up to four members can open a joint current account, with operating instructions decided at opening.

Can my company get a debit card?
A RuPay debit card is available for individual current accounts. For companies, partnerships, trusts, or societies, ask your branch about card issuance policy and eligible signatories.

What if I need a working capital facility later?
The current account itself does not carry a loan facility. Speak to the branch about separate credit limits or loans that may be sanctioned based on eligibility.

Is there a daily withdrawal cap?
No specific withdrawal limit is stated in the shared details. Operate as per your business needs and any applicable channel/device limits communicated by the bank.

---

UBGB’s Current Account keeps business banking practical and compliant, whether you are a proprietor, partnership, HUF, trust, school, or a private limited company. If you want clear paperwork, easy payments, and dependable record-keeping, this account offers a straightforward foundation for your daily operations. For the latest charges, forms, and any entity-specific rules, visit your nearest UBGB branch—they’ll guide you through every step.