Current Account

Running a business means managing money every single day. A Current Account from The Akola Urban Co-Operative Bank Ltd. is designed exactly for that — unlimited transactions, instant fund transfers, and a suite of business-friendly features to keep your operations running smoothly.

Why Open a Current Account with Us?

Unlimited Transactions

No cap on the number of daily transactions — handle as many business payments and receipts as you need.

Free NEFT / RTGS / IMPS

Send and receive funds instantly with free NEFT, RTGS & IMPS transfers via Internet and Mobile Banking.

Digital Banking Access

Manage your account on the go with free Internet Banking, Mobile Banking, and real-time SMS alerts.

RuPay Debit Card

Get a RuPay Classic Debit Card for ATM withdrawals and ECOM/POS transactions at millions of outlets.

Free Cheque Book

Receive a complimentary cheque book for high-value business payments and vendor settlements.

Nomination Facility

Secure your account with the nomination facility for added protection and smooth account succession.

Features & Benefits

Unlimited number of daily transactions
Free NEFT / RTGS / IMPS fund transfers
Free Internet Banking & Mobile Banking
RuPay Classic Debit Card (ATM + ECOM/POS)
Free SMS & email alerts on all transactions
Free passbook / statement of account
Overdraft facility available (subject to norms)
Standing instruction facility for recurring payments
Nomination facility available
Multi-location account access across branches

Eligibility & Documents Required

Who Can Open?

Sole Proprietors / Proprietorship Firms
Partnership Firms (registered or unregistered)
Public & Private Limited Companies
Trusts, Associations, Clubs & Societies
Individuals requiring high-volume transactions

Documents Required

Duly filled Account Opening Form
Passport-size photographs of authorized signatories
PAN Card of the entity / firm / company
Valid Identity Proof (Aadhaar / Passport / Voter ID)
Valid Address Proof (Aadhaar / Utility Bill / Passport)
Registration Certificate / Incorporation Certificate
Partnership Deed (for partnership firms)
Memorandum & Articles of Association (for companies)
Board Resolution (for companies, authorizing signatories)

Minimum Balance Requirements

Category	Min. Balance
Metro / Urban Branches	Rs. 3,000 /-
Semi-Urban / Rural Branches	Rs. 2,000 /-

Beyond the free transaction limit, a nominal charge of Rs. 2/- per thousand may apply.

Important Information

Interest on Current Deposits: No interest is payable on balances maintained in Current Accounts as per RBI guidelines.
Facility Declaration: Depositors enjoying credit facilities with other bank(s) must furnish full particulars of such facilities, including names of banks concerned. The Bank reserves the right to refer to the lending banks for Status Reports / No Objection Certificate before opening the Current Account.
Transaction Limits: Subject to cash handling limits prescribed by the Bank and RBI from time to time. Large cash transactions may require additional documentation.

Current Account Variants

Regular Current Account

Ideal for small to medium businesses with moderate daily transaction volumes. All essential features included with low minimum balance requirement.

Open Account

Premium Current Account

Designed for high-volume businesses with enhanced transaction limits, priority service, dedicated relationship manager, and exclusive benefits.

Open Account

How to Open a Current Account?

Step 1

Visit your nearest Akola Urban Bank branch with the required documents listed above.

Step 2

Submit the duly filled Account Opening Form along with KYC documents and entity proof.

Step 3

Deposit the minimum balance and receive your account number, debit card, and welcome kit.

Need help choosing the right current account? Our team is ready to assist you.