Current Account
Welcome to MDCC Bank's Current Account, designed to meet the dynamic financial needs of businesses, professionals, and organizations. Our Current Account offers a seamless banking experience with features like unlimited transactions, cheque book services and personalized support from dedicated relationship managers for business accounts. Experience efficient fund management and a range of customized solutions optimized to your business requirements. Open your Current Account with MDCC Bank today for streamlined financial management and exceptional banking services.
Eligibility
- Account can be opened in the names of individuals singly / jointly / with either or survivor options
- Public and Private Limited Companies.
- Government / Semi Government Departments
- Religious Institutions
- Partner / Sole proprietorship firms.
- Societies, Associations, Trusts.
Documents Required
- Application form
- Introduction
- Recent Photograph two numbers
- Address Proof and Identify proof
- KYC – Any one document from each of the following two lists subjects to Bank’s satisfaction
| Latest Photo Identification Documents | Latest Documents showing address proof |
|---|---|
| 1) Passport | 1) Ration Card |
| 2) PAN card | 2) Passport with same address |
| 3) Voter’s Identity Card | 3) Telephone Bill – Recent month |
| 4) Driving Licence | 4) Letter from employer Subject to satisfaction of Bank |
| 5) Identity card issued by the Govt / Public Authority / (Reputed institutions subject to Satisfaction of bank) | 5) Bank Account Statement with Address. |
| 6) Letter from employer – subject to satisfaction of Bank | 6) Electricity Bill |
| 7) Aadhar / UIDAI Card | 7) Income Tax /Property Tax Assessment Order / Receipt |
| 8) Credit Card |
The account will be opened on submission of the duly filled in application form along with the initial deposit amount in cash
Minimum Balance
- Individual Rs.3000/-
- Institution Rs.3000/-
Documents Required For Company Accounts
- Board resolutions
- Memorandum of Association
- Articles of Association
- Certificate of Incorporation
- Certificate of Commencement of Business (for public limited companies)
Facilities
- Any Branch Banking
- Collection of Cheque / drafts through CTS
- Standing Instructions
- Cheque Book
- RTGS / NEFT facility
- Locker Facility
- Loans – subject to eligibility
- Pass Book facility
- Nomination (for personal and sole proprietorship accounts)