A Call Account is offered to the entities other than natural persons, typically by business or institutional clients. Interest is provided on daily closing balance. These accounts are primarily used by Institutions to earn interest from the idle cash balances. Call Accounts are non-operational in nature, and cheque issuance is not issued on these accounts.

Features

Interest RateAs per the published rates
Min. BalanceNrs. 1000 /-
Interest PostingQuarterly

Required Documents

1.       Firm/Company/Institution Registration

2.       PAN Registration

3.       Operating Licenses where applicable

4.       Partnership Deed/MOA/AOA/Statute as applicable

5.       Minutes for opening the account as applicable

6.       Latest Share Record of the Shareholders

7.       KYC of Proprietor/Partner/Directors/Account Operators and Shareholders holding 2% and above shares

8.       Audited Financials and Tax Clearance Certificates (where applicable)