How to Open a Current Account in Himachal Pradesh Gramin Bank
If you want to keep our Business Transactions separate from your Personal Transactions then you need to open a current account. A current account is thus opened in the name of your business or company in order to make all its transactions segregated from personal ones. Further, it brings professionalism in your business and makes your financial transactions very convenient.
In India, there are Public Sector Banks, Private Sector Banks, Cooperative Banks, Gramin Banks, Foreign Banks, Small Finance Banks, Payments Banks, etc where you can open a current account. A current account facilitates transactions beyond the scope of a savings account or any other type of account.
Himachal Pradesh Gramin Bank is one of the very renowned banks in India with multiple of branches across different locations that provides you all the facilities and benefits of a Current Account.
Benefits of Opening Himachal Pradesh Gramin Bank Current Account
- Convenience
- Overdraft Facility
- Issuance of Cheque Book
- Online Transactions Facility like paying bills online
- Net Banking and SMS Banking Facility
- Safest, Securest and Fastest Internet Banking
- Convenience to withdraw and deposit cash at all the bank branches of your bank
- No Risk of Carrying Cash
Now after having understood the underlying benefits of opening Himachal Pradesh Gramin Bank current account, you may be most likely interested in know how to open a Current Account in Himachal Pradesh Gramin Bank? These days it has become very simple to open a Himachal Pradesh Gramin Bank account.
Further, it requires only 2 to 3 days to open the current account after you have submitted account opening form along with required documents. So now opening a Himachal Pradesh Gramin Bank current account is really just a matter of providing certain details, required documents and funding your account.
Eligibility Criteria for Opening Current Account in Himachal Pradesh Gramin Bank
Current Account in Himachal Pradesh Gramin Bank can be opened by any of the following entities:
- Individuals
- Hindu Undivided Family (HUF)
- Sole Proprietorship
- Partnership
- Private Limited Company
- Public Limited Company
- Trust
- Club
- Society
- Association
- Limited Liability Partnership (LLP)
- Foreign Institutional Investor (FII)
- Foreign National Residing in India
How to Open Current Account in Himachal Pradesh Gramin Bank?
If you want to open a current account in Himachal Pradesh Gramin Bank, you need to follow below mentioned steps:
Step 1: Check your Eligibility to Open Current Account
First of all check your eligibility to open current account.
Step 2: Visit the Bank Branch
You need to visit the bank branch in which you want to open your account.
Step 3: Fill up Account Opening Form (AOF) for Current Account
Get the Account Opening Form and fill up all the necessary details of the customer's information and other details in the different sections given in the form like name, address, contact number, email id, PAN, type of account to be opened, nominee's name, etc.
Step 4: Attach Required (Mandatory) Documents with the AOF
After completing filling up the account opening form, you need to attach KYC documents on the basis of type of account you are willing to open like savings account, current account, etc. These documents will also depend upon your status like Individual, HUF, Proprietor, Partnership Firm, Company, Trust, etc.
Himachal Pradesh Gramin Bank Current Account Documents Required
Step 5: Submit the Account Opening Form to the Bank
After attaching the necessary documents, submit the account opening form to the bank to process it.
Step 6: Verification of AOF & Other Documents by the Banker
Banker will verify AOF and other attached documents. If he is satisfied with these requirements, he/ she will proceed further.
Step 7: Deposit Minimum Balance Amount in the Account
After that you will be allotted an account number and you are required to deposit the minimum required balance in your account.
Step 8: Obtain Cheque Book, Passbook & Other Documents from the Bank
After that your account will be successfully opened and the banker will hand over Cheque Book, Passbook & Other Documents to you and then you will be allowed to make the transaction from your account.
If you follow above current account opening process, you can open your current account with ease.
How to Open Current Account in Himachal Pradesh Gramin Bank Online?
Most of the large banks offer you a facility to open Current Account Online through their website. You need to first check with Himachal Pradesh Gramin Bank website whether it offers the facility to open the account online. If it is providing you the facility to open the account online, then you can apply for the current account opening online also. It will be a faster process and your account will be opened in no time. Just keep all the required documents ready which need to be uploaded while filling up the application form for account opening.
Important Points Regarding Opening Himachal Pradesh Gramin Bank Current Account
- Select a nearby bank branch.
- Take the original KYC documents with you for verification purpose.
- Do keep your entity's stamp with you at the time of opening the account.
- For a single business, there cannot be multiple current accounts.
- Remember that a higher minimum account balance is required under a Current Account.
What are the Disadvantages of Current Account?
Disadvantage | Details |
---|---|
No or low interest | Current accounts generally don not offer any interest. In case they offer, the interest rate is lower than a savings account. |
Withdrawal limits | There may be a daily limit on the amount withdrawn |
Minimum balance | Some current accounts require a minimum balance and banks may charge a penalty if it's not maintained. |
Fees | There may be fees for package accounts, corporate business transactions, or frequent transactions. |
OD charges | OD charges can be higher |
More Operations of Current Account
Current Account Documents Required
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