Current Account

Current Account can be opened by individuals,Corporates,Pvt Ltd,Public Ltd, Co-operative Institutions, Housing Societies,Trust,Aop etc.Account could be opened with initial amount of Rs. 2000/-Minimum balance of Rs. 2000/- should be maintained

  • With Cheque Book Facility - Rs 1,000/-
  • Without Cheque Book Facility - Rs 2000/-


Can avail overdraft facilities on pledging Fixed Deposit Receipts.

Documents Required

  • 02 passport size photographs each
  • Pan Card
  • Adhar Card
  • Residence Light Bill
  • Shop Act Licence
  • Partnership Deed
  • Memorandum of Association
  • Articles of Association
  • Certification of Incorporation of Co.
  • Borad Resolution for opening account
  • List of Directors
  • Letter of Signature authority

Documents required while opening current account of co-oprative banks and societies:

  • Registration of Bank / Society.
  • Bye-laws of Bank / Society.
  • Permission to carry on Banking Business in case of a bank.
  • Resolution of Board of Directors to open Current Account with MSCB, and authority to office bearers to operate the said Current Account
  • Name of office bearers and their specimen signatures and Photograph
  • List of Directors & their addresses in case of co-operative Bank
  • Annual Report of the concerned institutions
  • Account could be opened with initial amount of Rs. 5000/-
  • Minimum balance of Rs. 5000/- should be maintained