Are you a business owner or involved in a partnership venture? Uttar Bihar Gramin Bank (UBGB) offers the Current Account, tailored to meet your business needs without the corporate jargon. Let’s dive into the specifics.
Eligibility For Current Account
- Individual Account: You can open an individual account.
- Joint Account (Up to Four Members): Perfect for partnerships and joint ventures.
- Proprietor Account: For sole proprietors.
- HUF (Hindu Undivided Family) Account: HUFs are welcome.
- Private Limited Company: Registered private limited companies.
- Designated Credit Society/Association: Both registered and unregistered societies/associations.
- Trusts/Partnership Firms: Trusts, PFs, and more.
- School/Red Cross Society: Special accounts for schools and Red Cross Societies.
Specific Accounts Available
- P.F. Account: For Provident Fund accounts.
- School/Red Cross Society Account: Tailored for educational institutions and the Red Cross Society.
Documents Required for Account Opening
- Application on the bank’s prescribed format.
- Photo identification proof.
- PAN Card (Form 60 or 61 if you don’t have one).
- Proof of residence.
- Photograph.
- Memorandum and Article of Association.
- Proof of business commencement.
- Partnership deed (if applicable).
- Board resolution for registration (in the case of registered institutions).
- Shop and establishment certificate (for business entities).
Minimum Deposit Requirements
- Rural Areas: Rs. 3000/-
- Semi-Urban Areas: Rs. 3000/-
Withdrawal Limit
- No specific withdrawal limit.
Interest: Not Applicable
- Current accounts don’t earn interest.
TDS: Not Applicable
- TDS is not deducted.
Nomination Facility Available
- Available for individual and joint accounts.
Loan Facility: Not Available
- Loans are not available on this account.
Additional Services
- Rupay Debit card available for individual accounts.
- CTS checkbook facility.
- E-statement, Passbook, and more.
UBGB’s Current Account is designed to simplify your business banking experience. Whether you’re running a partnership firm, private limited company, trust, or school, our account options cater to a wide range of business entities. If you have any questions or need assistance, feel free to reach out to us. We’re here to make your business banking smooth and straightforward.
