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Link To: Union Million
Current Account
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Current Flexi Account
 
Any Resident Individual - Single Accounts, Two or more individuals - Joint Accounts, Sole Proprietary Concerns, Partnership Firms, Illiterate Persons, Visually impaired Persons, Minors(account to be operated by Guardian), Limited Companies, Associations, Clubs, Societies, etc.

Trusts, Joint Hindu families (accounts of non-trading nature only), Municipalities, Government and Quasi-Government Bodies, Panchayats, Religious Institutions, Educational Institutions (including Universities), Charitable Institutions.

 
Facilities like
  1. ATM cards are given to individual current accounts, joint individuals and to the accounts of proprietary concerns.
  2. Multicity cheque Book, Internet Banking, Standing instructions,Remittance through DD/PO/NEFT/RTGS etc.
  3. Statement of account is issued as per requirement (Monthly/Quarterly/Half-Yearly/Yearly).
 
Unique Selling Point
 
Cash surplus entities can earn higher interest returns on surplus funds without foregoing the benefits of a Current account.
 
Features:
  1. The depositor will open a Current Flexi Account with a minimum initial amount of Rs 5,00,000/- and above.
  2. The system will create a linked Flexi Fixed Deposit Account and transfer to it the surplus funds over Rs 5,00,000/- in multiples of Rs 1,00,000/- [called units]. Any surplus beyond multiples of Rs 1,00,000/- will be retained in the Current Flexi Account. The depositor on its discretion can choose higher ceiling but only in multiples of Rs 1,00,000/-.
  3. The Fixed period will vary between 15 days to 91 days. All the linked Fixed Deposits will have the same maturity period , which will be decided on by the corporate at the time of opening itself
  4. Whenever the outstanding balance in the Current Flexi Account goes below Rs 5,00,000/- the gap will be bridged by transfer from the linked FD Flexi Account in units of Rs 10,000/-. The balance in Current Flexi Account will not be allowed to fall below Rs 5,00,000/- or the desired initial amount at the time of opening the account, unless the flexi account deposits are exhausted.
  5. 5. Transfer of funds from FD Flexi to Current Flexi Account will be under LIFO ( Last in First Out ) method where the linked FD units created most recently will be closed first for transfer to the SB Flexi Account.
Penalty:
 
If during any month,AMB is not maintained,a penalty of Rs.500 per month will be levied by default.
 
 
 
 
 
 
I am a contractor and maintain Current Account with your Branch since the Branch was opened.
Link to: Gift Card
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