Eligibility

The Account can be opened by

• Individuals
• More than one person jointly
• Illiterate person
• Blind Person
• A guardian on Behalf of Minor in minors name
• Charitable/ Religious Institutions
• Trust, Clubs, Association
• Local Bodies, Primary Co-operative Societies or any other body
• Staff Members
• Salary account for MCGM Employees
• Pension And Family Pension account for MCGM Employees

Minimum Balance

Customer is required to maintain a minimum balance as follows:

• With Cheque book : Rs. 1000/-
• Without Cheque book : Rs. 500/-

Interest Rate

• 3.50% Interest per annum for general
• 4.50% for staff

Documents Required

• Duly filled Account opening Form
• Latest 2 Photographs (Passport size)
• PAN – Permanent Account No. allotted by Income Tax Authority
• Residential proof (Any one of the following)
• Photo Identification Proof
• Additional documents for Charitable/ Religious Institutions, Trust, club, Associations, Cop- operative Societies & Local bodies

Facilities

• Free Any Branch Banking facility at all the branches
• 50 nos free cheques per annum for Current Account
• Quarterly interest for Saving Bank Accounts
• Standing Instruction
• Nomination Facility
• Passbook
• NEFT / RTGS
• NACH
• Email statement
• Mobile Banking IMPS,POS,UPI
• RUPAY ATM card
• Lockers
• PMJJBY / PMSBY

Residential proof (Any one of the following)

• Passport
• Election Identity Card
• Driving License
• Aadhar card
• NREGA Job Card

Photo Identification Proof

• Passport
• Election Identity Card
• Driving License
• Aadhar card
• NREGA Job Card
• PAN Card

Additional documents for Charitable/ Religious Institutions, Trust, club, Associations, Cop- operative Societies & Local bodies

• Certified copy of resolution
• List of office bearers
• Letter from the concerned authority to open the account
• Registration Certificate
• KYC of all Office bearers
• Pan Card

Minimum Balance

• Customer is required to maintain a minimum balance of Rs. 5000/- p.m.

Sole Proprietor

Document of proprietor

• Latest passport-size colour photograph of proprietor.
• Identity and address proof of the proprietor.
• Permanent Account Number (PAN)

Any two documents in the name of firm with address of the firm and name of proprietor:

• Registration certificate
• Certificate/License issued by the Municipal Authorities under Shop & Establishment Act
• GST certificate
• Certificate/Registration document issued by Professional Tax authorities
• IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT
• Complete income tax return in name of the proprietor wherein the income of the firm is reflected.
• License issued by the Registering authority like Certificate of Practice issued by Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Institute of Company Secretaries of India, Indian Medical Council, Food and Drug Control Authorities, etc.
• Udyog Adhaar
• Utility bills such as electricity, water and landline telephone bills

Public or Private Limited Companies

• Certificate of Incorporation and Commencement of Business
• Certified true copy of Memorandum and Articles of Association
• Certified Board resolution authorising the opening and operation of the account
• PAN card
• Documents of the authorized signatories as required for Individuals

Partnership Firms

• Partnership Deed and Registration Certificate
• PAN card
• Documents of the partners and authorized signatories as required for Individuals

Trusts

• Trust deed
• Registration certificate
• PAN card
• Copy of the resolution by the trustees authorizing the members concerned to open and operate the account
• Documents of the authorized signatories as required for Individuals

Housing Societies

• Certificate of Registration
• Bye-laws
• Copy of the resolution by the Board /Committee authorizing the members concerned to open and operate the account
• Documents of the authorized signatories as required for Individuals

Clubs / Mandals / Associations

• PAN card
• Bye-laws of the association or club
• Certificate of Registration
• Copy of the resolution by the Board /Committee authorizing the members concerned to open and operate the account
• Documents of the authorized signatories as required for Individuals

Hindu Undivided Family:

• Pan Card of HUF
• One latest passport size photograph of Karta
• Pan card or Form 60 of Karta accompanied with acknowledgement of application for pan card
• Declaration form for HUF duly filled in and signed by Karta with stamp of HUF and Coparceners

Any other identity, address, entity, document can be accepted subject to the bank's satisfaction.

KYC documents should be valid on the date of submission.

The above are the Indicative list of KYC documents and are subject to change as per regulatory guidelines and internal KYC Circulars of Bank.

For more information, please visit our nearest Bank branch.