Current Account for MCA Registered Entities - CASIL

Click here to know the detailed Schedule of charges.

• Limited Liability Partnership (LLP)
• One Person Company (OPC)
• Public Limited
• Private Limited Company

• All the terms are subject to change without any prior notice
• All the service charges will attract GST as applicable
• Charges are applicable as per the transactions done during charge cycle period. The charge cycle period shall be first of every month to the last day of the same month for all scheme codes.
• Cheque Transactions are subject to 48-hour notice and Bank's confirmations for transaction exceeding Rs 1 Crore a day where the destination branch is a Non-RBI centre. (RBI centres are: Mumbai, Chennai, Kolkata, New Delhi, Ahmedabad, Hyderabad, Jaipur, Kanpur, Nagpur, Trivandrum, Bhubaneswar, Chandigarh, Bangalore, Guwahati, Bhopal & Patna)
• All cash transaction of Rs 10 Lacs and above on a single day will require prior intimation and approval of the Branch at least one working day in advance
• Maximum Non-Home Branch Cash Deposit / withdrawal per day shall be Rs 1 Lac. Maximum third-party deposit / withdrawal up to 50,000 per day. Beyond this the cash transactions may be carried out at the discretion of branch head where the cash is being deposited / withdrawn
• Monthly charges applicable in a current account will be based on the scheme code of that account in the current month
• The customer hereby agrees and acknowledges that Bank shall have the right to recover any charges as may be payable by the customer to the Bank, by debiting or making repeated attempts to recover the same, from any operative account held under same customer id, where funds are available.
• Monthly Average Balance (MAB) or Average Quarterly Balance (AQB) is the average of day end balance maintained by the customer for the duration
• Physical statements will not be sent for the current account where there are no transactions consecutively for 6 months