Bandhan Bank Current Account

Bandhan Bank offers various current account products with high-interest rate benefits to suit the different business requirements. A current account is a demand deposit account that includes deposits of funds, withdrawals and business transactions. This article explains the opening of Bandhan Bank Current Account in detail.

Features and Benefits

The following are some of the main features and benefits of opening a current account with Bandhan Bank:

A current account is meant for business people and self-employed professionals to operate their business cash transactions efficiently.
Current accounts do not hold any interest rate on balance.
It offers a facility of outstation cheque collection for the prompt mobilisation of funds.
Bandhan Bank offers convenient access to funds at a wide network of branches and ATMs. It also provides safe online banking services through Net banking, Mobile applications and SMS banking channels.
It offers a debit cum ATM card for easy withdrawal of cash from Bandhan bank or other bank ATMs.
Bandhan bank accepts At-Par Cheques as “Local Clearing Cheques” which saves on charges associated with the ordering a Demand Draft (DD).
Multi-city chequebooks are given at the time of account opening, and nomination facility is also accessible.
Bandhan Bank current account offers a premium internet banking facility mainly to manage the accounts and fund transactions and secure bill payment.

Current Account Products

Entrepreneurs can choose from any of the current account products from the following list that suits their business requirements. The below following are the Bandhan bank current accounts explained in detail.

Biz Premium Current Account
Biz Advantage Current Account
Biz Standard Current Account
Biz TASC Current Account
Biz GOS Current Account

Type of Current Accounts	Minimum Balance (Monthly) Requirement	Cash Deposit Requirement	Cash Withdrawal Requirement
Biz Premium	Rs. 1,00,000	Rs. 25 lakhs or 20 times of MAB whichever is higher as per month free	Free cash withdrawal at any ATMs. 50 transaction per month DD/PO facility
Biz Advantage	Rs. 25,000	Free cash Deposit limit at branch - Rs. 15 lakhs per month	Free cash withdrawals at any ATMs - 15 transactions per month
Biz Standard	Rs. 5000	Free cash Deposit limit up to Rs. 5 lakhs per month	Free cash withdrawals at any ATMs - 10 transactions per month
Biz TASC	Rs. 25,000	Free cash Deposit limit up to Rs. 25 lakhs per month or 20 times of monthly average balance whichever is higher	Unlimited withdrawal at home branch
Biz GOS	NIL	The unlimited cash Deposit facility is available	Unlimited withdrawal at home branch

Eligibility Criteria – Bandhan Bank Current Account

In general, the below following business entities are eligible to open a current account with Bandhan Bank:

Resident Individual
Hindu Undivided Family (HUF)
Partnership Firm
Sole Proprietorship firm
Private or Public Limited Company
Trust / Association / Club / Society
Limited Liability Partnership (LLP)
Foreign National Residing in India
Foreign Institutional Investor (FII)

Documents Required

The below-listed documents/records need to be furnished at the time of opening a current account in Bandhan Bank: For HUF (Hindu Undivided Family)

Application Form (duly filled)
Identity Proof of the Karta: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc.
Address Proof of the Karta: Aadhar Card, Valid Passport, Utility bill, Property tax bill, Telephone bill, etc.
Duly signed HUF letter by Karta and all Co-Parceners.
Passport-size photographs.

For Sole Proprietorship

Registration certificate
Sales and income tax returns.
Identity Proof as per KYC norms: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc.
Address Proof as per KYC norms: Aadhar Card, Valid Passport, Utility bill, Property tax bill, Telephone bill, etc.
ID proof of the person holding POA.
CST/VAT registration Certificate.
Passport-size photographs

For Partnership Firm

Identity Proof as per KYC norms: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc.
Address Proof as per KYC norms: Aadhar Card, Valid Passport, Utility bill, Property tax bill, Telephone bill, etc.
Partnership Registration Certificate (in the case of a registered concern).
Partnership Deed
Passport-size photographs of the partners.

For Public / Private Limited Companies

Application form in the prescribed form.
Memorandum and Articles of Association.
Identity Proof as per KYC norms: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc.
Address Proof as per KYC norms: Aadhar Card, Valid Passport, Utility bill, Property tax bill, Telephone bill, etc.
Commencement of Business Certificate.
Incorporation and Board Resolution Certificate.
Registration certificate
Licence Certificate issued by the Municipal Authorities under Shop & Establishment Act.
Passport-size photographs

For Clubs / Societies / Trusts

Registration certificate (if registered).
Documents listing the name and address proof of the trustees, sellers, beneficiaries, and the persons holding the Power of Attorney (POA).
Constitution document of the entity.
The updated directors list to be submitted.
Application Form (duly filled).
Power of Attorney
Identity Proof as per KYC norms: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc.

For Limited Liability Partnerships (LLP)

Power of Attorney (POA)
Registration Certificate issued by Registrar of LLP.
Identity Proof of POA holders: Aadhar Card, PAN Card of the entity.
Address Proof: Aadhar of the sole proprietor/entity, Valid Passport, etc.
Two passport size colour photographs.
LLP agreement.
Designated partners updated list.

Application Procedure

To open a current account with the Bandhan bank online, the applicant can either visit the nearest bank branch or by filling up a form with the necessary details on its official website. In the case of visiting a bank branch, the applicant will have to fill up the Current Account opening form and have to furnish all the mandatory documents. After the verification process done by the bank official, the account can be opened successfully.

Company Registration

OPC Registration