Current Deposits
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WARANA Bank facilitates more flexibility to the customers by providing Current deposits scheme. Current accounts at WARANA Bank provide the convenience to the customers of safety & security of their deposits in addition to quick access to their funds. Current deposit, by nature is for those customers who prefer to transact with the banks more frequently. At WARANA Bank, customers always enjoy services with a personalized touch. WARANA Bank is a 100% CBS enabled bank & customers can get the benefit of ‘Any Branch Banking’.
Who can open an account?
- An individual in his/ her capacity
- Two or more persons jointly
- Sole proprietory firm
- Partnership firm
- Hindu undivided family
- Private limited companies
- Public limited companies
- Non-governmental organisations
- Public corporations
- Registered societies/ associations/ clubs Etc
- Trusts
- Government/ Semi- government bodies/ departments
Checklist
- Customer Information File (CIF) form (for new accounts);
- Account opening form, duly signed by the Proprietor / Partners / Directors;
- Photograph of the Proprietor / Partners / Directors.
- Copy of Partnership Deed / Memorandum / Articles of Association (Public / Pvt. Ltd. Co.)
- Copy of Resolution to open an account along with the list of Authorizing Signatories to operate account (in case of Public / Pvt. Ltd. Co.)
- Introduction from existing Current / Overdraft Account holder of the Bank.
- Copy of PAN Card / I.T. Return / Form 60. (Any one).
Basic Features:
- Personalized Cheque-book facility;
- Standing Instruction Facility;
- Free ATM Card (for Proprietor & Partners, Directors)
Benefits
- Any branch banking (ABB),inter connectivity
- ATM facility
- Remittances- pay order, demand draft on any location in India
- Collection of outstation cheques
- RTGS/ NEFT Facility
- Sms banking
- E-statement facility
Minimum balance charges
- If minimum balance is not maintained in the account, minimum balance charges are charged at the rates as in force
- Minimum Balance should 2000/- Rs
Requirements
- Copy of latest photograph
- Proof of residence (passport, driving license, ration card, voters card, electricity bill, telephone bill, latest bank account statement, Income tax/ wealth tax assessment order, Maintenance bill of society, registered leave and license agreement with proof of permanent address or Noterised Leave & License Agreement with a permanent address proof, etc)
- Photo identity proof (PAN card, voters ID card, passport, Driving license, senior citizen card, ADHAR card etc)
- Introduction by person known and acceptable to the bank
- PAN with original for verification or declaration of form-60/61
- initial deposit in cash
- Business activity proof
- Business Address proof
- Any other document as per the constitution of the firm (As per Annexture -1)
- Account Opening Form (AOF) duly filled. click here
General
- Bank reserves the right to close any account, if cheque drawn are returned unpaid frequently for want of funds or the account is considered as irregular/ non-satisfactory
- Account not in operation for more than two years will be treated as inoperative/ dormant account
- Bank reserves the right to alter, amend, rescind the rules from time to time
A) Annexure A
Additional documentation required to open current account as per the constitution of firm
Proprietorship firm
Requirements
- Business Activity proof- copy of shop & establishment, any certificate issued by / registration document issued by Sales Tax Authorities/ Service Tax Authorities/ Professional Tax Authorities, audited copies of latest balance sheet and income tax returns, letter from Chartered Accountant for operation of business
- Business Address proof of shop/ firm (electricity bill, telephone bill, latest bank account statement, Income tax/ wealth tax assessment order, Maintenance bill of society, registered leave and license agreement or Noterised Leave & License Agreement , etc)
- Proprietorship letter
B) Partnership firm
- Requirements
- PAN of FIRM and all partners with original for verification or declaration of form-60/6
- Business Address proof of shop/ firm
- Partnership letter
- List of partners
- Certificate of registration
- Registered partnership Deed
C) Limited companies
- Requirements
- PAN of the company and all directors with original for verification or declaration of form-60/61
- Business Address proof of Company
- Certificate of Registration
- List of all directors
- Memorandam & Articles of Association
- Resolution with company seal
- CIN no. of the company and DIN numbers of all directors
- Certificate of business commencement (in case of Public Limited Company)