MBGB Current Deposit Account

Current Deposit Account is very convenient product for frequent banking transactions by Individuals, Firms, HUF, Companies, institutions etc. There is no limit on number of transactions in such accounts and are most suitable for business operations. The product is available at all our branches

The main features of General Current Account are as under:



Individuals, Joint accounts, Sole proprietary concerns, Partnership firms, HUFs, Companies, Association of persons, Society, Trusts, Body Co-operatives, Charitable and other institutions.






Initial Deposit At Opening Of Account & Maintenance Of Minimum Quarterly Average Balance(QAB)


Area Of Branch

Initial Deposit (Rs.)



Semi urban


Urban / Metropolitan



Documents Required For Opening the Account

·      Application (AOF) and Specimen signatures

·      ID & Address proof as per KYC norms

·      Photos

·      In case of Company Memorandum & Articles of Association, Certificate of Incorporation, Board        resolution, etc.

·      Related documents in case of HUF, Trust, Firms etc

·      Other related documents as per RBI Guidelines


Nomination Facility

Available to eligible persons as per rules


Additional Facilities

·      100% integrated and computerized Network of more than 700 branches across our operational areas to provide seamless banking transactions.

·      ATM Cum Debit card (individuals/sole proprietor account) can be accessed at any ATM across India.

·      Fast remittance of funds through NEFT/RTGS


·      Acceptance of standing instructions, Collection of cheques