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. Minimum 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. Minimum 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/-

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

  • 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 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 Minimum balance Charges

  • Up to 45 Days from the opening of the account, there will be No charges for Non-maintenance of minimum balance.
  • After 45 days, if the account balance goes less than the minimum balance thenPenalty of Rs.100.00 per instance will be charged.
  • If the customer does not maintain the stipulated minimum 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:

Upto Rs. 5000 Rs.30
Rs.5000 to Rs.14000 Rs.35
Above Rs.14001 & Account transfer DDs Rs.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 Lakh Rs. 30  + S. Tax
Above Rs. 5 Lakh Rs. 55  + S. Tax
d

NEFT Charges:-

Upto Rs.10000 Rs.3.50    + S.Tax
Rs. 10001 to Rs. 1 Lakh Rs.5.00    + S.Tax
Rs. 1 Lakh to Rs. 2 Lakh Rs.15.00   + S.Tax
Amount above Rs. 2 Lakh Rs. 25.00  + S.Tax
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.

Basavaraja Bhari Sanna

Self Employed

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

Anupama Channesh

Manager