You must open a current account if you wish to keep our business transactions distinct from your personal transactions. In order to keep commercial and personal transactions separate, a current account is opened in your company's name. Additionally, it adds professionalism to your company and streamlines all of your financial dealings.
You can open a current account in India with Public Sector Banks, Private Sector Banks, Cooperative Banks, Gramin Banks, Foreign Banks, Small Finance Banks, Payments Banks, etc. A current account enables transactions that fall outside the purview of savings accounts and other kinds of accounts.
One of the most well-known banks in India, Hdfc Bank has several branches spread throughout the country and offers all the features and advantages of a current account.
1. Convenient Overdraft Service
2. Cheque Book
3. Issuance Online Transactions such as online bill payment
5. Cash Withdrawals
6. It Is Safe to Carry Cash
Now that you are aware of the fundamental advantages of creating a current account with Hdfc Bank, you may be wondering how to go about doing so. The process of opening a Hdfc Bank account is now fairly straightforward.
After you have submitted the account opening form and the necessary documents, creating a current account only takes 2 to 3 days. Now all you need to do to open a Hdfc Bank current account is to provide the necessary information, documents, and funds.
You must take the following actions in order to open a current account with Hdfc Bank:
(1) Go to a bank branch.
You must go to the branch of the bank where you want to open an account.
(2) Complete the Account Opening Form for Current Account (AOF).
Obtain the Account Opening Form and complete it with all the relevant information about the customer, including name, address, phone number, email address, PAN, kind of account to be opened, nominee's name, etc.
(3) Include the necessary (obligatory) documents with the AOF.
Depending on the type of account you want to open, such as a savings account, current account, etc., you must attach KYC documents after completing the account opening form. Your status, such as Individual, HUF, Proprietor, Partnership Firm, Company, Trust, etc., will also affect these documents.
(4) Banker Verification of AOF & Other Documents
The banker will examine the accompanying documents and the AOF. He or she will continue if he or she is pleased with these prerequisites.
(5) Make a minimum deposit into the account.
Following that, you will receive an account number and be asked to deposit the account's minimum needed balance.
(6) Obtain the bank's checkbook, passbook, and other necessary documents.
The banker will then give you your checkbook, passbook, and other documents after properly opening your account, and you will then be able to conduct transactions with your account.
Every current account has advantages. You will see, however, that despite having minimal minimum balance restrictions, they have nonetheless offered a variety of features.
Regarding this, there is no unbending law. Depending on your needs, yes. But if you can keep the high minimum balance, the max advantage account is the greatest. You can also use Ascent or Activ Current Account in lieu of that.
Due to the pandemic, all banks now offer the option to open accounts online using e-KYC. To open one, you must complete out the form and upload the required files. To view the list of required documents, click here.
The recent bank frauds have made safety a top priority. But do not fret. To ensure a secure banking experience, it frequently updates its security features.
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