Mayurbhanj Central Co-operative Bank

Current Accounts are opened for Co-operative Institutions, Individuals and other firms/Company (known to the Bank or) properly introduced. However, an individual person desiring to open a Current Account shall furnish two Passport size Photographs, ID proof, address proof and Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) as per the guidelines issued by the Income Tax authority.

In the case of accounts to be opened in the names of Co-operative and other Institutions, the resolution of the Board of Management of the concerned institution, for opening an account and the officials authorized to operate on the account, together with the Rules and Bye-laws governing such institution’s Memorandum and Articles of Association, as the case may be and all other necessary information required by the Bank should be furnished at the time of opening the account.

• Nomination facility for individuals.
• No interest will be paid.
• Joint accounts can be opened.
• No account will be opened for a sum less than Rs.1,000/- and the minimum balance to be maintained is Rs.1,000/-.
• Account opening forms, specimen signature cards, pay-in-slips, pass books are supplied free of charges.
• The Bank collects charges for issue of Cheque Book as decided by the Bank from time to time.