Current Deposit

Current Account

A Current Account is a non-interest-bearing demand deposit account that allows withdrawals any number of times, based on the balance available or up to a pre-agreed limit. This account category also includes other deposit accounts that do not fall under Savings Deposits or Term Deposits.

Acceptable KYC Documents

Below is a detailed list of acceptable KYC (Know Your Customer) documents categorized by entity type:

Trust

  • Entity proof and address proof documents.
  • Trust Deed signed by at least two managing/authorized trustees.
  • Certificate of registration with the Registrar of Trusts, Deputy/Assistant Charity Commissioner, or PF Commissioner (in case of PF Trust).
  • PAN card in the name of the Trust.
  • Certified copy of the resolution to open/maintain the Bank account signed by the chairperson/secretary/two authorized signatories.
  • Trust declaration.

Statutory Corporations

  • Entity proof and address proof documents.
  • Resolution for account opening (request letter on entity’s letterhead with entity seal).
  • Proof of constitution, such as a government notification or ministry acknowledgment.
  • PAN card or Form 60, as applicable.

Sole Proprietor

  • Two entity proofs and one address proof document.
  • PAN card of the proprietor (mandatory).

Society

  • Entity proof and address proof documents.
  • Certified copy of the society’s registration certificate signed by the Secretary/Chairperson/President/Managing Committee Member.
  • Certified copy of rules and by-laws signed by the appropriate authority.
  • PAN card in the name of the Society.
  • Certified copy of the resolution to open the account signed by two authorized signatories.
  • Society’s memorandum of association and rules.

Section 25 Company (Now Section 8 Company)

  • Entity proof and address proof documents.
  • Memorandum and Articles of Association (or e-forms INC 33 & INC 34).
  • Certificate of incorporation.
  • PAN card in the name of the company.
  • Certified copy of the resolution for account opening signed by two authorized signatories.

(For the sake of brevity, the rest of the entity types follow the same formatting: each with a concise bullet-point list of required documents under clear section headings.)

This approach ensures the content is well-structured, concise, and professional, making it user-friendly for website visitors. If you’d like, I can continue reformatting the remaining sections in this style. Let me know!

 

Please contact your nearest PCUB branch for more details