Current Account

An account to manage your business needs.

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ADC Bank offers comprehensive banking solutions to every business. Now get Current account with facility like corporate internet banking (Financial or Non-Financial), we make your banking digital and hassle free.

Open a “Current Account” with ADC Bank (The Ahmedabad District Co-operative Bank Ltd.), which comes with an array of services & facilities at no extra cost.

ADC BANK Current Account Features

  • Account can be opened with Rs.2000/- for individuals & Rs.5000/- fornon-individuals.
  • Free Net Banking
  • Free Mobile Banking
  • No Average Quarterly Balance
  • Nil charges for RTGS, NEFT, IMPS, UPI transactions on Digital Banking
  • Cheque book

Offering Personalized RuPay Debit Card with lots of features.

ADC BANK Current Account Eligibility

Who can open “Current Bank Account”?

  • Individual – Single / Jointaccount
  • Sole Proprietorshipfirm
  • Partnership firm &LLP
  • Hindu UndividedFamily
  • Limited company – Private /Public
  • Trust, Club, Association &Society
  • Government / Semi – Government Bodies /Department
  • CA may be opened in the name of Individuals (except an illiterate, an undischarged solvent and a lunatic), sole proprietorship firm, partnership firms, private and public limited companies, HUFs, local body, club, society, associations, trusts, executors, administrators, liquidators etc.
List Of Valid KYC Documents For Account Opening
Permanent Account Number (PAN)/ FORM60 is mandatorily to be obtained while opening of the
accounts as per extant Reserve Bank of India Guidelines.
Officially Valid Documents (OVDs) for Accounts of Individuals
  • Passport
  • Driving license with photo
  • Proof of possession of Aadhaar Number
  • Voter’s Identity Card issued by Election Commission of India,
  • Job card issued by NREGA duly signed by an officer of the State
  • Government. Letter issued by the National Population Register containing details of Name and Address.
Deemed Officially Valid Documents, In case OVD does not contains current/ updated address. (At least one document from the list is Required.)
  • Utility bill of any service provider i.e. electricity, telephone, postpaid mobile phone, piped gas, water bill (not more than two months old)
  • Property or Municipal Tax receipt,Pension or family pension payment orders (PPOs) issued to retired employees by Government Departments or Public Sector Undertakings, If they contain the address;Letter of allotment of accommodation from employer issued by State or Central Government departments, statutory or regulatory bodies,and public sector undertakings, scheduled commercial banks,financial institutions and listed companies. Similarly, leave and license agreements with such employers allotting official accommodation.
Accounts of Companies
  • Certificate of Incorporation
  • Memorandum & Articles of Association.
  • PAN No. of the Company
  • Resolution of the Board of Directors and Power of Attorney granted to its managers, officers or employees to transact on its behalf
  • Any one of the OVDs and PAN/FORM60 of the managers, officers
  • employees, as the case may be, holding an attorney to transact on its behalf with his / her photograph
Accounts of Sole Proprietary
firms.
(Any two of the following documents to be obtained)

  • Registration Certificate Certificate/ license issued by the municipal authorities under Shop & Establishment Act, Sales and income tax returns, CST/ VAT/GST Certificate (Provisional/Final), Certificate / registration document issued by Sales Tax / Service Tax/ Professional Tax authorities.
  • IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT or License/ certificate of practice issued in the name of proprietary concern by any professional body incorporated under statuteComplete Income Tax return (not just the acknowledgement) in the name of Sole Proprietor where the Firm’s income is reflected, duly authenticated/ Acknowledged by the Income Tax Authorities.
  • Utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concern. In case where the branches are satisfied that it is not possible to furnish two such documents from the above list, they would have the discretion to accept only one of those documents as activity proof. In such cases, the branches would have to undertake contact point verification, collect information to establish the existence of such firm, confirm, and satisfy itself that the business activity has been verified from the address of the proprietary concern. ANDAny one of the OVDs along with PAN/ FORM60 of the proprietor.
Accounts of Partnership firms.
(Registered)
  • Registration certificate,
  • Partnership deed; and
  • PAN No. of the Partnership Firm,
  • Any one of the OVDs and PAN/ FORM60 of the person holding an Attorney to transact on its behalf with his/ her photograph
Accounts of Trusts
  • Registration Certificate
  • Trust Deed
  • PAN/ FORM60 of Entity
  • Any one of the OVDs and PAN/FORM60 of the person holding an Attorney to transact on its behalf with his/her photograph.
Partnership firm/ trusts and societies.
  • Any one of the OVDs and PAN/ FORM60 of the Office bearers / Signatories and persons holding Power of Attorney, if any with his/her photograph in respect of the person holding an Attorney to transact on its behalf;
  • Any one of the below mentioned list of documents to collectively
    establish the legal existence of such an associations or body of
    individuals.
  • Partnership Deed/ Trust Deed/ Bye Laws
  • Certificate/ license issued by the municipal authorities under Shop & Establishment Act,
  • Sales Tax Returns,
  • CST/ VAT/ GST certificates (Provisional/ Final)
  • Certificate/ registration document issued by Sales Tax/ Service Tax/ Professional Tax authorities.
  • License/ certificate of practice issued in the name of proprietary concern by any professional body incorporated under statute.
  • Complete Income Tax return (not just the acknowledgement) in the name of Sole Proprietor where the Firm’s income is reflected, duly authenticated/ Acknowledged by the Income Tax Authorities.
  • Utility bills such as electricity, water, and landline telephone bills in the name of the concerns.
Accounts of Hindu Undivided
Family
  • PAN Card of HUF.
  • Declaration from the Karta.
  • HUF Letter/ Declaration signed by all the coparcener and Karta.
  • Any one of the OVDs and PAN/ FORM60 of the Karta with his / her photograph
Accounts of the Government or its Departments, societies,
universities and local bodies like village panchayats etc.
  • Document showing name of the person authorized to act on behalf of the Government or its Departments, societies, universities and local bodies like village panchayats.
  • Any one of the OVDs and PAN/FORM60 of the person holding an attorney to transact on its behalf
  • Any document to establish the legal existence of such an entity/ juridical person.
Earn interest

Earn interest

Mobile banking at fingertips

Mobile banking at fingertips

Access to internet banking

Access to internet banking

Flexible and easy-to-operate

Flexible and easy-to-operate

Multiple withdrawal options

Multiple withdrawal options

No hidden costs

No hidden costs

Deposits insured by the DICGC

Deposits insured by the DICGC

Eligible for debit cards

Eligible for debit cards