• The Nadiad Peoples Co-Op Bank Ltd.

Current Account

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"Current Account" at The Nadiad Peoples Co-op Bank Ltd. offers businesses and individuals a convenient way to manage their daily transactions. While specific details and features can vary, you can generally expect the following from a current account at this bank:

Key Features (General):

  • Transaction Flexibility: Suitable for frequent deposits and withdrawals.
  • Cheque Facility: Enables payments via cheques.
  • No Interest: Generally, current accounts do not earn interest on the balance.
  • Minimum Balance Requirement: Banks usually stipulate a minimum balance to be maintained in the account.
  • Statements: Regular statements (physical or electronic) to track transactions.
  • Other Services: May include facilities like fund transfers (NEFT/RTGS/IMPS), online banking, mobile banking, and debit cards.

How to Open a Current Account at The Nadiad Peoples Co-op Bank Ltd. (General Process):

1. Visit a Branch: You'll likely need to visit one of The Nadiad People's Co-op Bank branches in person.

2. Obtain Application Form: Request the current account opening form from the bank staff.

3. Fill the Form: Complete all the mandatory fields accurately.

4. Provide Documents: Submit the required documents, which typically include:

  • Proof of Identity: Aadhaar Card, Passport, Driving License, Voter's ID card, etc.
  • Proof of Address: Same as above or utility bills, etc.
  • PAN Card: Mandatory for most account types. If not available, Form 60/61 may be required.
  • Passport-size Photographs: Recent photographs of the applicant(s).
  • Business-related documents (for businesses): This may include business registration certificates, partnership deeds, company PAN, etc. The specific requirements will depend on the type of business.

5. Initial Deposit: Make the initial deposit as specified by the bank for the current account type.

6. Verification: The bank will review your application and documents for verification.

7. Account Activation: Upon successful verification, your current account will be activated, and you will receive the account details and related instruments (like a cheque book and debit card, if applicable).