Vidarbha Credit Co Operative Society
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Home > Current Accounts

Current Account

A Current Account is designed for businesses and individuals who require frequent transactions, offering high liquidity and seamless banking.

  • Unlimited Transactions: Conduct multiple transactions without restrictions to manage business finances efficiently.
  • Overdraft Facility: Access extra funds when needed with an overdraft option.
  • Easy Fund Management: Enjoy hassle-free deposits, withdrawals, and online banking services.

Business banking, at your fingertips

Vidarbha Credit Co-operative Society offers expert financial advisory services tailored to your needs, ensuring a secure and prosperous future.

Unlimited Transactions

Conduct multiple daily transactions without restrictions.

Overdraft Facility

Access extra funds beyond your balance when needed.

Instant Fund Transfers

Enjoy fast and seamless money transfers through NEFT, RTGS, and IMPS.

High Liquidity

Withdraw and deposit funds anytime for smooth financial operations.

Customizable Solutions

Choose from various account types tailored for businesses and individuals.

Nomination Facility

Add a nominee to secure your account and funds.

Key Benefits of Current Account

Minimum Balance Requirement

Maintain a minimum balance of ₹5000 to keep your account active.

Free Cash Deposits

Deposit up to 12 times the Monthly Average Balance (MAB), with a maximum limit of ₹1,00,00,000 per month across all branches (Home and Non-Home combined).

Unlimited Transactions

Enjoy unlimited free RTGS, NEFT, IMPS, branch transactions, and internal fund transfers.

Rates & Charges

Account Opening Fee

₹500 one-time charge for opening the account.

Competitive Interest

Earn a 6% annual interest on your balance.

Zero Maintenance Fee

No annual maintenance charges for hassle-free account management.

Eligibility Criteria

Indian Citizenship

Applicant must be an Indian citizen with a valid Aadhaar and PAN card.

Minimum Age Requirement

Individuals must be 18 years or older to open an account.

Valid Identification

Aadhaar and PAN card are mandatory for verification and account opening.

How to Apply

Visit the Branch

Go to the nearest bank branch with required documents.

Submit Application

Fill out the account opening form and provide necessary KYC documents.

Complete Verification

The bank will verify your details and process your request.

Receive Account Details

Once approved, you will get your account number, passbook, and other banking credentials.

Your burning question, answered

If you’re new or looking for answers to your questions, this guide will help you learn more about our services and their features.
Why should I care about financial planning?
Financial planning is essential because it helps you achieve your financial goals and secure your financial future.
There are different types of investment vehicles, such as stocks, bonds, mutual funds, and real estate, each carrying different
The earlier you start saving, the longer your money can earn interest and grow.
An emergency fund is cash that’s set aside to cover the cost of unexpected, and often expensive, events.
What can I use a personal loan for?
Many people apply for a low-interest personal loan to consolidate high-interest credit card debt.
A personal loan is a loan offered by many banks, credit unions, or online personal loan lenders and typically range from $5K-$100K.
Applying for personal loans online or at your financial institution will require meeting your lender’s criteria.
The answer depends on a wide range of factors, which mainly includes the type of lender and your credit score.

Digital banking, wherever life takes you

The process for opening a bank account may vary slightly depending on the bank. However, the general steps involved in opening a bank account.
Download App

Download app. It will work for windows, Mac and androids.

01
Create Your Account

Secure online account opening, mobile banking.

02
Start Banking

Set up online banking and watch your money grow

03

Vidarbha Credit Co Operative Society