Current Account
This is the most popular account with all businesses. The biggest advantage is that there is no limit on the number of transactions..
General Current Account
Accounts can be opened by any Individual / Firm for the business purpose having the convenience of high monthly transactions. Average Monthly Balance for these accounts is Rs.2000/- only.
Freedom Current Account
SUCO Bank introduces Freedom Current account for Current Account holders maintaining huge balance in their accounts.
Celebration Current Account
Exclusive account for existing current account holders with large balances.
Joint account for Partnership firms, Private Limited Companies
Partnership firms, Private limited companies and Joint accounts having the operating instructions “Jointly” may also open this account by submitting consent letter/ Mandate form to send the SMS alert, to register the mobile No and to register MMID .
Anyone Can open this Current account!
This is the most popular account with all businesses. The biggest advantage is that there is no limit on the number of transactions. Also, there is no limit on cash deposit into the current account. At SUCO, we strive to keep our customers delighted by offering such unique services.
Speak With SUCO Bank
Talk to us about your requirements. We should be able to help you further
General Current Account
Accounts can be opened by any Individual / Firm for the business purpose having the convenience of high monthly transactions. Average Monthly Balance for these accounts is Rs.2000/- only.
Account Features
Incidental Charges: Rs.500/- + GST Half Yearly
Cheque Book charges: Rs.3/- per leaf
Folio charges: Nill
Cash bundle charges: Nill
Cash remittance charges: Nill
Inward Cheque Return Charges: Rs.500/-
Inward Cheque Return Charges: Rs.500/-
Saving Account – With Cheque Book
1) Average Monthly Balance : Rs.2000/- Average Monthly Balance
2) Non Maintenance of Avg Monthly Balance : Rs.100/-+GST per Monthly
Saving Account – Without Cheque Book
1) Average Monthly Balance : Rs.1000/- Average Monthly Balance
2) Non Maintenance of Avg Monthly Balance : Rs.50/-+GST per Monthly
Current Account
1) Average Monthly Balance : Rs.5000/- Average Monthly Balance
2) Non Maintenance of Avg Monthly Balance : Rs.100/-+GST per Monthly
Freedom Current Account
Current Account holders maintaining huge balance in their accounts, we have decided to introduce a new product as follows
Salient Features of the Deposit Scheme
| 1. OPENING OF ACCOUNT | As per Current A/c rules & KYC norms |
| 2. MONTHLY AVERAGE BALANCE | Rs.50000.00 |
| 3. CHARGES | No Charges
|
| 4. Non-Maintenance of Monthly Average Balance: The penalty of Rs.500.00 per Month. | |
Celebration Current Account
“CELEBRATION CURRENT ACCOUNT” for the account holders maintaining huge balance in their accounts.
Note:
A Separate Application has to be obtained to provide POS Machine.
Salient Features of the Deposit Scheme
- Opening Of Account : As per Current A/c rules & KYC norms
- Monthly Average Balance : Rs.100,000.00 (Rupees One Lakh only)
Free Service to be offered
| Sl No | Particulars | Charges |
| a | Cheque Book charges | NIL |
| b | Remittance charges (DD/PO/BC) | NIL |
| c | RTGS /NEFT Charges | NIL |
| d | Cash Handling charges | NIL |
| e | Incidental charges | NIL |
| f | Service Charges | NIL |
| g | Debit Card charges | NIL |
| h | POS machine Charges | NIL |
| i | Cash Withdrawal Charges | NIL |
| j | SMS Charges | NIL |
| K | Mobile banking charges | NIL |
| l | Debit card | FREE |
| m | E-Statement | FREE |
| n | POS Machine * | FREE |
Applicable S-Pay Charges
| Amount of Transfer | Service Charges (In Rupees) | |
| Upto Rs. 1000 | Rs.3.50 + S.Tax | |
| From Rs. 1001 to Rs.5000 | Rs.5.00 + S.Tax | |
| From Rs. 5001 to Rs.10000 | Rs.7.50 + S.Tax | |
| From Rs. 10001 to Rs.50000 | Rs.10.00 + S.Tax | |
| From Rs. 50001 to Rs.100000 | Rs.15.00 + S.Tax | |
| From Rs. 100001 and Above | Rs.25.00 + S.Tax | |
Non-Maintenance of Average Monthly Balance Charges
- Up to 45 Days from the opening of the account, there will be No charges for Non-maintenance of Average Monthly Balance.
- After 45 days, if the account balance goes less than the Average Monthly Balance then a Penalty of Rs.100.00 per instance will be charged.
- If the customer does not maintain the stipulated Average Monthly Balance up to 90 days, then all the charges will be applicable as shown below:
| Sl No | Particulars | Charges | ||||||||
| a | Cheque Book charges | Rs.2/- per leaf | ||||||||
| b | Remittance charges: a. DD Charges:
b. PO/ BC Charges : Minimum of Rs. 30 and Rs. 2 per thousand whichever is high.
| |||||||||
| c | RTGS Charges:- 1. Inward Transactions : FREE 2. Outward Transactions:-
| |||||||||
| d | NEFT Charges:-
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| e | Incidental charges | Rs. 300 half yearly | ||||||||
| f | Service Charges | Rs. 300 half yearly | ||||||||
| g | Debit Card charges | Rs.100/- | ||||||||
| h | SMS Charges | Rs.25 per year | ||||||||
Account Closure Charges
a. Closure of account within 1 year : Rs. 4000
b. Closure of account within 2 years : Rs. 2000
c. Closure of account within 3 years : Rs. 1000
d. Closure of account from 3 Yr & above : Rs. 300
Note
- Individuals, sole -proprietorship concerns and Joint accounts having the operating instructions E or S (Either or survivor) or having the operating instruction “Anyone” can open this current account.
- Partnership firms, Private limited companies and Joint accounts having the operating instructions “Jointly” may also open this account by submitting consent letter/ Mandate form to send the SMS alert, to register the mobile No and to register MMID . (Mandate formats are also attached with this circular).
Our Customers
It is a customer friendly bank providing excellent services to the best satisfaction of each and every customer and it is family bank.
Excellent service since eight years convenient timings and high customer satisfaction. Thank you SUCO Bank.