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 ACCOUNTAs per Current A/c rules & KYC norms
2. MONTHLY AVERAGE BALANCERs.50000.00
3. CHARGES

No Charges

  • a) Cheque Book charges : NIL
  • b) Remittance charges (DD/PO/BC) : NIL
  • c) RTGS /NEFT charges : NIL
  • d) IBC / OBC charges : NIL
  • e) Half Yearly charges : NIL
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

  1. Opening Of Account : As per Current A/c rules & KYC norms
  2. Monthly Average Balance : Rs.100,000.00 (Rupees One Lakh only)
Free Service to be offered
Sl NoParticularsCharges
aCheque Book chargesNIL
bRemittance charges (DD/PO/BC)NIL
cRTGS /NEFT ChargesNIL
dCash Handling chargesNIL
eIncidental chargesNIL
fService ChargesNIL
gDebit Card chargesNIL
hPOS machine ChargesNIL
iCash Withdrawal ChargesNIL
jSMS ChargesNIL
KMobile banking chargesNIL
lDebit cardFREE
mE-StatementFREE
nPOS Machine *FREE

Applicable S-Pay Charges

Amount of TransferService Charges (In Rupees)
Upto Rs. 1000Rs.3.50   + S.Tax
From Rs. 1001 to  Rs.5000Rs.5.00   + S.Tax
From Rs. 5001 to  Rs.10000Rs.7.50   + S.Tax
From Rs. 10001 to  Rs.50000Rs.10.00 + S.Tax
From Rs. 50001 to  Rs.100000Rs.15.00 + S.Tax
From Rs. 100001 and AboveRs.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 thenPenalty 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 NoParticularsCharges
aCheque Book chargesRs.2/- per leaf
b

Remittance charges:

a.    DD Charges:

Upto Rs. 5000Rs.30
Rs.5000 to Rs.14000Rs.35
Above Rs.14001 & Account transfer DDsRs.2.50 per thousand
Maximum Rs 12,500

 

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:-

Rs. 2 Lakh to Rs. 5 LakhRs. 30  + S. Tax
Above Rs. 5 LakhRs. 55  + S. Tax
d

NEFT Charges:-

Upto Rs.10000Rs.3.50    + S.Tax
Rs. 10001 to Rs. 1 LakhRs.5.00    + S.Tax
Rs. 1 Lakh to Rs. 2 LakhRs.15.00   + S.Tax
Amount above Rs. 2 LakhRs. 25.00  + S.Tax
eIncidental chargesRs. 300 half yearly
fService ChargesRs. 300 half yearly
gDebit Card chargesRs.100/-
hSMS ChargesRs.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.

Basavaraja Bhari Sanna

Self Employed

Excellent service since eight years convenient timings and high customer satisfaction. Thank you SUCO Bank.

Anupama Channesh

Manager