Current account deposit is interchangeably named as Demand Deposit Account or Checking Account. Current account is demand deposit account. It is operated through checks. The Bank undertakes the obligation of paying all checks drawn against it by the customer till it has adequate fund in his account. No interest is provided on the balances for accounts of individuals, facility of withdrawal from ATM and Mobile banking. There is a minimum initial deposit amount required to open a current account for individuals and individual trade operators is for corporate bodies can be opened and/or operated by a legal agent in the name of the principal, through a power of attorney, which shall be confirmed by the Branch.
