Current account is more important for you if you are business person. Every business person should have the current account. Current account have the more beneficial options. We can do
Current account is more important for you if you are business person. Every business person should have the current account. Current account have the more beneficial options. We can do the number of transaction by using it.
This account gives the different kinds of best features. Also everything have the pros and cons so we discuss them. Most of the business people were suggest to open current account in private or individual banks. Because these banks gives the best services.
In most of the banks you should start your normal current account with normal fees. When you start your current account it requires some maintenance balance. It is necessary to maintain the particular balance in your account. It is depends on your account type how much balance you have to maintain. Similarly it is based on your transaction per month.
To open the current account in any bank you have the need to follow their documentation. Similarly if you have any other bank current account then declare them. Because banks may take action in this way. Also you have need to get no objection certificate (NOC) from the first bank.
Follow all the documentation of banks and their procedure. Consult with bank manager before the opening of the current account. Discuss the charges their terms and condition. Also, don’t forget to get details about the pros and cons.
When you want to open a current account in bank first consult with the bank manager. Also discuss about their hidden features and another charges. Because most of the bank hide much information under the terms and condition. Due to this any way know all about hidden things. Once you confirmed the best bank to open current account then ask them about documentation.
Thereafter some banks also asks for some extra documents. Sometimes the extra documents are not much necessary so try to negotiate them. Must be consult with the experienced person or bank manager. Sometime unexperienced person may give the wrong consultation to you.
Any current account needs the just 5-6 documents to open them. First every bank asks for your residential proof like voter id, pan card, light bill etc. Also you can provide any other documents to bank for residential proof.
Thereafter you must have the register business. So the registration certificate copy is necessary for procedure. If you are registered with the proprietorship then you have the need of only yours documents. When the companies registered with the partnership then they have need to submit documents of both partners.
Also the company registered with private limited association. Then minimum partners in this way required are 2 or more up to companies’ enrolment. So in this way need to submit the documents of all partners.
- Firm registration certificate copy
- Pan card or voter id
- GST number
- Cheque from existing bank.
- NOC ( if you have current account in another bank )
Current account consulting
When I opened my current account in bank, I have been consulted with 5 banks manager. According to their services they gives the best solution and good consulting to you. Because every bank should have the need of new customer always. So don’t forgot to consult with minimum of 2-3 banks manager. Also consult only in those banks which are known for the best services.
Some banks will gives the good services and features. Also some banks consult too well but doesn’t gave the features according to their consultant. So don’t attract towards the bank defined services. First check that they are giving the good services to you than any other.
Once you consulted with the few banks then confirm the bank to open current account. Now collect all yours document’s and go for open it.
Make sure that you have the complete documents for opening new one. If you have the older current account then make sure to declare them. If you can’t it will cause the problem for you after some time. Because the banks have the number of customer accounts. But most of the accounts are non-asset performing. So the banks should be block your account if they want.
So it is more important to know more about the banks hidden terms and condition. Most of the hidden terms also displays the more charges and unwanted conditions.
bank account basic consulting
Consult with any person who have the current account before your opening. They will be gives the best consultancy to you than any other person. Always know more about the terms and conditions.
Currency deposited in your account is more important. So discuss everything about the currency. If you are the foreign currency receiver then make sure to know exchange. Foreign currency exchange is more important to use it in your own area. Banks charges some money on foreign currency exchange.
Also if you have the need of foreign business trips and travels. Then make sure to discuss more about the forex ATM card. Forex ATM is the card which issued by bank for you when you apply for it. You have the need to add the foreign currency to it. By asking with your consultant bank you can apply for forex card and add foreign currency to it.
The most noting point in current accounts is that you don’t get any interest on your deposits. So the most of the people invest their money in other companies. Liquid funds also more popular in this way. Also the some banks were provides the auto swift facility for current account.
This one is the great feature of the banks which are providing in itself. If you consult too well with banks and experienced people. You also can get the best feature for this just because of consulting. So the consulting is everything also negotiating gives the more offers and features in banking sector also.
Good luck for golden movements in business world.