Suryoday Small Finance Bank offers four types of Current bank accounts according to varied needs of its customers.
These accounts are Current Ujjwal, Current Aditya, Current Classic and Current Supreme. They differ from one another in terms of Average Quarterly Balance requirement, Cash deposit limit, Charges on RTGS, NEFT & IMPS, etc.
It is specially meant for those who are ready to maintain very High Average Quarterly Balance, one complimentary Current Account, want unlimited free RTGS/ NEFT/ IMPS transactions, higher Debit Card daily limits and want higher cash deposit limits.
Following entities can apply to open this account upon submission of necessary documents:
Proprietary Firm
In addition to KYC/ OVD of individual/ proprietor, any two of the following additional documents:
Sr.no. | Name of the document | Mandatory | Additional |
---|---|---|---|
1 | PAN Card of the proprietor (In case PAN card is not available then Form 49 A along with Form 60 if applied for PAN) | Yes | |
2 | Registration Certificate | Yes | |
3 | Certificate/licence issued by the municipal authorities under Shop and Establishment Act | Yes | |
4 | Sales Tax Returns | Yes | |
5 | Income Tax Returns | Yes | |
6 | CST / VAT certificate | Yes | |
7 | Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities | Yes | |
8 | Licence/certificate of practice issued in the name of the proprietary concern by any professional body incorporated under a statute | Yes | |
9 | Complete Income Tax Return (not just the acknowledgement) in the name of the sole proprietor where the firm's income is reflected, duly authenticated/ acknowledged by the Income Tax authorities | Yes | |
10 | Utility bills such as electricity, water, and landline telephone bills. (not older than 3 months) | Yes | |
11 | Identification and address proof of the proprietor In case the Bank is satisfied that it is not possible for customer to furnish two such documents, it may accept only one of those documents as activity proof. However, the Bank shall undertake contact point verification, collect such information as shall be required to establish the existence of such firm, confirm, clarify and satisfy itself that the business activity has been verified from the address of the proprietary concern. | Yes |
Partnership Firm
In addition to the mandatory documents, any two of the following additional documents:
Sr.no. | Name of the document | Mandatory | Additional |
---|---|---|---|
1 | Pan Card / Form 60 | Yes | |
2 | Registration certificate | Yes | |
3 | Partnership deed | Yes | |
4 | Sales Tax Returns | Yes | |
5 | Income Tax Returns | Yes | |
6 | CST / VAT certificate | Yes | |
7 | Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities | Yes | |
8 | KYC/OVD of the partner and officials authorised to operate the account | Yes | |
9 | Proof of identity & address of all the partners / beneficial owners - natural persons if beneficial owners are non-individuals | Yes | |
10 | Account opening Mandate - Declaration to be signed by all partners | Yes | |
11 | No objection certificate (if the firm is enjoying credit facility from any other bank(s)), with a tracer for a fortnight for response from the other bank | Yes | |
12 | Proof of Identity, address and activity of concern | Yes | |
13 | Utility bills such as electricity, water, and landline telephone bills. (not older than 3 months) | Yes |
Partnership Firm
In addition to the mandatory documents, any two of the following additional documents:
Sr.no. | Name of the document | Mandatory | Additional |
---|---|---|---|
1 | Pan Card / Form 60 | Yes | |
2 | Registration certificate | Yes | |
3 | Partnership deed | Yes | |
4 | Sales Tax Returns | Yes | |
5 | Income Tax Returns | Yes | |
6 | CST / VAT certificate | Yes | |
7 | Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities | Yes | |
8 | KYC/OVD of the partner and officials authorised to operate the account | Yes | |
9 | Proof of identity & address of all the partners / beneficial owners - natural persons if beneficial owners are non-individuals | Yes | |
10 | Account opening Mandate - Declaration to be signed by all partners | Yes | |
11 | No objection certificate (if the firm is enjoying credit facility from any other bank(s)), with a tracer for a fortnight for response from the other bank | Yes | |
12 | Proof of Identity, address and activity of concern | Yes | |
13 | Utility bills such as electricity, water, and landline telephone bills. (not older than 3 months) | Yes |
Limited Liability partnership (LLP)
In addition to the mandatory documents, any two of the following additional documents:
Sr.no. | Name of the document | Mandatory | Additional |
---|---|---|---|
1 | Limited Liability Partnership (LLP) agreement | Yes | |
2 | Certificate of incorporation with Registrar of Companies (ROC) | Yes | |
3 | Mandate to open bank account - LLP declaration | Yes | |
4 | PAN card | Yes | |
5 | Sales Tax Returns | Yes | |
6 | Income Tax Returns | Yes | |
7 | CST / VAT certificate | Yes | |
8 | Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities | Yes | |
9 | 1)List of designated partners of LLP along with designated partner identification number (DPIN) downloaded from the MCA website duly attested by the BBL/BSDL with the notation "Downloaded & Verified from Site" under his / her signature and employee number 2)KYC/OVD of the partner and officials authorised to operate the account 3)Proof of identity, address and activity of the concern (any two document which confirms Entity Name/ Address / Business including any of the above-mentioned documents) | Yes | |
10 | No objection certificate (if the firm is enjoying credit facility from any other bank (s)), with tracer for a fortnight for response from the other bank | Yes | |
11 | Utility bills such as electricity, water, and landline telephone bills. (not older than 3 months) | Yes |
Trust
In addition to the mandatory documents, any two of the following additional documents:
Sr.no. | Name of the document | Mandatory | Additional |
---|---|---|---|
1 | PAN Card | Yes | |
2 | Registration certificate | Yes | |
3 | Trust deed | Yes | |
4 | Sales Tax Returns | Yes | |
5 | Income Tax Returns | Yes | |
6 | CST / VAT certificate | Yes | |
7 | Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities | Yes | |
8 | OVD in respect of the person holding an authority / attorney to transact on its behalf | Yes | |
9 | In case of a Public Trust, copy of certificate issued by Charity Commissioner | Yes | |
10 | KYC/OVD of the trustees and office bearers/signatories officials operating the account | Yes | |
11 | Utility bills such as electricity, water, and landline telephone bills(not older than 3 months) | Yes |
Clubs
In addition to the mandatory documents, any two of the following additional documents:
Sr.no. | Name of the document | Mandatory | Additional |
---|---|---|---|
1 | PAN Card | Yes | |
2 | Bye-laws of the club | Yes | |
3 | Certificate of Registration | Yes | |
4 | Copy of the resolution by the governing body authorising the members concerned to open and operate the account | Yes | |
5 | Sales Tax Returns | Yes | |
6 | Income Tax Returns | Yes | |
7 | CST / VAT certificate | Yes | |
8 | Certificate/registration document issued by Sales Tax/ Service Tax/ Professional Tax authorities | Yes | |
9 | KYC/OVD documents of all office bearers / signatories operating the account | Yes | |
10 | Utility bills such as electricity, water, and landline telephone bills. (not older than 3 months) | Yes |
Association (Incorporated)
In addition to the mandatory documents, any two of the following additional documents:
Sr.no. | Name of the document | Mandatory | Additional |
---|---|---|---|
1 | PAN Card | Yes | |
2 | Bye-laws of the association | Yes | |
3 | Certificate of Registration | Yes | |
4 | Sales Tax Returns | Yes | |
5 | Income Tax Returns | Yes | |
6 | CST / VAT certificate | Yes | |
7 | Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities | Yes | |
8 | Copy of the resolution by the governing body authorising the members concerned to open and operate the account | Yes | |
9 | KYC/OVD documents of all office bearers / signatories operating the account | Yes | |
10 | Utility bills such as electricity, water, and landline telephone bills. (not older than 3 months) | Yes |
Private Limited Company
In addition to the mandatory documents, any two of the following additional documents:
Sr.no. | Name of the document | Mandatory | Additional |
---|---|---|---|
1 | PAN Card | Yes | |
2 | Certificate of incorporation | Yes | |
3 | Memorandum and Articles of Association | Yes | |
4 | A resolution from the Board of Directors | Yes | |
5 | Sales Tax Returns | Yes | |
6 | Income Tax Returns | Yes | |
7 | CST / VAT certificate | Yes | |
8 | Certificate/registration document issued by Sales Tax/ Service Tax/ Professional Tax authorities | Yes | |
9 | Copy of the any one officially valid document as listed below to prove the address (Passport, Driving License, Voter's Identity Card (Issued by Election Commission of India), Job Card (Issued by NREGA duly signed by an officer of the State Government), Letter issued by the Unique Identification Authority of India containing details of name, address and Aadhar number, Any other document as notified by the Central Government in consultation with the Regulator) | Yes | |
10 | No objection certificate (if the firm is enjoying credit facility from any other bank(s)), with a tracer for a fortnight for response from the other bank The Bank shall examine the control structure of the entity, determine the source of funds and identify the natural persons who have a controlling interest and who comprise the management | Yes | |
11 | Utility bills such as electricity, water, and landline telephone bills. (not older than 3 months) | Yes | |
12 | KYC/OVD documents of all directors, office bearers/ signatories operating the account | Yes |
Public Limited Company
In addition to the mandatory documents, any two of the following additional documents:
Sr.no. | Name of the document | Mandatory | Additional |
---|---|---|---|
1 | PAN Card | Yes | |
2 | Certificate of incorporation | Yes | |
3 | Memorandum and Articles of Association | Yes | |
4 | A resolution from the Board of Directors | Yes | |
5 | Sales Tax Returns | Yes | |
6 | Income Tax Returns | Yes | |
7 | CST / VAT certificate | Yes | |
8 | Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities | Yes | |
9 | Certificate of Commencement of Business (COB) | Yes | |
10 | KYC/OVD documents of all directors, office bearers / signatories operating the account | Yes | |
11 | No objection certificate (if the company is enjoying credit facility from any other bank(s)), with a tracer for a fortnight for response from the other bank | Yes | |
12 | Utility bills such as electricity, water, and landline telephone bills. (not older than 3 months) | Yes |
Minimum initial payment amount of Rs. 50,000 is to be made by the account holder
Average Quarterly Balance of Rs. 50,000 is to be maintained by the acount holder
Charges for non-maintenance of minimum balance are Rs. 1,500 per quarter.
No interest is paid under Suryoday Small Finance Bank Current Account Supreme
Unlimited Free RTGS/NEFT transactions per month through net banking / mobile banking (if product level AMB is maintained in previous month, else NO free transactions) and 2 free transactions at branch (irrespective of product level AMB maintenance)
Following are the RTGS, NEFT & IMPS Charges under Suryoday Small Finance Bank Current Account Supreme, if level AMB is not maintained and for more than 2 transactions at branch in a month:
Payment Services | Limit | Charges (in Rs.) |
---|---|---|
RTGS Payment (Outward) | Rs. 200,000 to Rs. 5,00,000 per transaction | 15 |
RTGS Payment (Outward) | Above Rs. 5,00,000 per transaction | 25 |
NEFT Payment (Outward) | Upto Rs. 10,000 per transaction | 2.5 |
NEFT Payment (Outward) | Above Rs. 10,000 to Rs. 1,00,000 per transaction | 5 |
NEFT Payment (Outward) | Above Rs. 1,00,000 to Rs. 2,00,000 per transaction | 10 |
NEFT Payment (Outward) | Above Rs. 2,00,000 per transaction | 10 |
IMPS Payment (Outward) | Upto Rs. 1,00,000 per transaction | 5 |
IMPS Payment (Outward) | Above Rs. 1,00,000 to Rs. 2,00,000 per transaction | 10 |
2024 April 01 is a bank holiday in Jharkhand due to To Enable To Banks To Close Their Yearly Accounts.
2024 April 05 is a bank holiday in Jammu And Kashmir due to Babu Jagjivan Ram's Birthday/Jumat-ul-Vida.
2024 April 09 is a bank holiday in Karnataka due to Gudhi Padwa/Ugadi Festival/Telugu New Year's Day/Sajibu Nongmapanba (Cheiraoba)/1st Navratra .
2024 April 09 is a bank holiday in Jammu And Kashmir due to Gudhi Padwa/Ugadi Festival/Telugu New Year's Day/Sajibu Nongmapanba (Cheiraoba)/1st Navratra.
2024 April 11 is a bank holiday in Jharkhand due to Ramzan-Id (Id-Ul-Fitr) (1st Shawaal).
2024 April 13 is a bank holiday in Jammu And Kashmir due to Bohag Bihu/Cheiraoba/Baisakhi/Biju Festival.
Bank Name | Interest(p.a.) |
---|---|
Esaf Small Finance Bank | 8.75% |
Suryoday Small Finance Bank | 8.50% |
Utkarsh Small Finance Bank | 8.50% |
Equitas Small Finance Bank | 8.50% |
North East Small Finance Bank | 8.50% |
Ujjivan Small Finance Bank | 8.30% |
Indusind Bank | 8.00% |
Fincare Small Finance Bank Ltd | 8.00% |
The Nainital Bank | 7.90% |
Bank Name | Interest(p.a.) |
---|---|
Esaf Small Finance Bank | 8.75% |
Suryoday Small Finance Bank | 8.50% |
Utkarsh Small Finance Bank | 8.50% |
Equitas Small Finance Bank | 8.50% |
North East Small Finance Bank | 8.50% |
Ujjivan Small Finance Bank | 8.30% |
Indusind Bank | 8.00% |
Rbl Bank | 8.00% |
Fincare Small Finance Bank Ltd | 8.00% |
The Nainital Bank | 7.90% |