Skip to content

Current Account

Who Can Open

Firms, Companies, Trusts & Individuals

Minimum Deposit

₹ 3,000/-

Deposit Insurance

Up to ₹1 Lakh (DICGC)

Statements

Monthly, Quarterly & More

Key Features & Benefits

Open for Proprietary Firms, HUF, Individual, Partnership, Pvt/Public Ltd. Company, Co-op Society, Club, Trust & more.

Cheque books offered in 15, 30 & 45 page variants.

Monthly, Quarterly, Half-yearly, Yearly & periodical statements available for reconciliation.

Deposits insured up to ₹1 Lakh under DICGC scheme.

Minimum deposit of ₹3,000/- to open a Current Account.

Nomination facility for all individual and proprietary concern accounts.

Computerised passbook issued to all account holders.

Member of Deposit Insurance and Credit Guarantee Corporation (DICGC).

No Interest Account

Unlimited transactions for your business needs

Rules & Regulations

  • Every depositor must fulfil KYC norms as per RBI directives.
  • The customer has to give all valid proof before opening an account under KYC norms as per RBI Guideline.
  • The bank's management has full right to close the account if the account holder does not keep sufficient balance to clear inward cheque or ECS.
  • The customer must safely preserve their cheque book. The Bank is not responsible for any misuse of cheque book.
  • Stop payment of particular cheque(s) is available; the customer must maintain sufficient balance matching the cheque amount. Stop payment charges will be levied from the account.
  • The Bank reserves all rights of appropriation, set-off, lien and may change rules and regulations.
  • No interest will be paid on Current Account.

Entity-Specific Documents

Additional documents based on account type

Partnership Firm

  • Copy of Partnership Deed or Partnership Letter

HUF (Joint Hindu Family)

  • Joint Hindu Family Letter

Registered Entity / Licensed Business

  • Copy of registration certificate / Licences issued by any two concerned Govt. Departments (e.g. VAT licence, Drug licence, Food licence, Shop & Comm. Estt. registration certificate, Certificate of Registration with Nagar Nigam / KUM Samiti) etc.

Club / Trust / Society / Association

  • Certified copies of bye-laws
  • Registration certificate
  • Resolutions passed for opening of account
  • Election of office-bearers
  • Names of authorised persons to operate the account

Public or Private Limited Company

  • Copy of Certificate of Incorporation
  • Copy of Certificate of Commencement of Business (Public Ltd. companies only)
  • Copy of Memorandum of Association and Articles of Association
  • Certified copy of resolution passed by Board of Directors regarding opening of account with UMUCB and authorising the signatories to operate the account
Minimum Deposit

₹ 3,000

To open a Current Account

15 Pages

Cheque Book

30 Pages

Cheque Book

45 Pages

Cheque Book

Statement Frequency

  • Monthly
  • Quarterly
  • Half-Yearly
  • Yearly
  • Periodical
General Documents
  • Account opening form duly filled in & signed by the Personal / Individual / Proprietor / Partners / Directors / Trustees / Office-bearers of club etc.
  • Two photographs of Proprietor / Partners / Directors / Authorised persons
  • Photo ID of Proprietor / Partners / Directors / Authorised persons
  • Address proof of Proprietor / Partners / Directors / Authorised persons
  • Copy of PAN Card
  • Declaration regarding credit facility availed, if any, from another Bank

KYC Mandatory

All depositors must fulfil KYC norms as per RBI directives before opening an account.

Note

No interest is paid on Current Account balances.