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Current Deposit
 

Today, no business men can survive without Current Deposit account. As any business requires frequent issue of payments through cheques, Current Deposit is the best available option for them.  This basic and flexible deposit option is used by businessmen, firms, companies, public enterprises etc. The user can make any number of transactions without any limit.
EDCB supports the business men with the CD Account with following schemes:

 

Eligibility

·        Resident Individuals

·        Co-operative Institutions

·        Charitable Institutions

·        Trusts

·         Associations

·        Clubs & Societies

·        Local Bodies

·        Minor

FEATURES

·        Cheque Book facility with prescribed minimum balance

·        One monthly statement free in addition to Pass Book.

·        Free SMS alert on request.

·         ATM Card facility Cash withdrawal up to 30000/- per day.

·        Any Branch Banking facility

·        Free Clearing collection

RATE OF INTEREST

·        No Interest

PROCEDURE TO  OPEN AN ACCOUNT

·        Fill up the Account Opening Form and submit to the Branch along with the following documents

·        Documents required: 1] Pass port size colour  photo-2Nos. 2] Identity Proof /Address Proof – Ration Card/Election Identity Card/Pass Port/Driving License 4]  PAN card.

MINIMUM BALANCE

·        RS. 3000/- *A/c goes under minimum balance will be charged

MODE OF OPERATION

·        Single

·        Joint

·        Either Or survivor/s

·        Former or Survivor/s

PROCEDURE  TO CLOSE AN ACCOUNT

Submit a written request along with Pass Book and Unused cheque leaves.

 

 
 
 
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