Current Account
Objective
An account that has been primarily designed for frequent transactions with no regulations. This is ideal for businessmen and self-employed. Please visit your nearest OGB branch, duly fill and submit the account opening form and the required documents.
Eligibility
Individuals/ Sole proprietry Concerns.
Joint Stock Companies.
Firms.
Hindu Undivided Families.
Any other business entity.
Features
No restrictions on the number of withdrawals or deposits.
Cheque book facility.
ATM Cards and SMS Alerts facility.
Nomination facility available (for Individual Account)
Amount
Maximum Term Loan under the scheme is 80% of the cost of estimate in case of new construction subject to an upper ceiling of ₹ 1 crore.
For up-gradation / repair / remodeling of existing house is concerned, maximum Term Loan is 80% of the cost of up-gradation / improvement subject to a ceiling of ₹ 20 lacs.
Interest Payable
Not Applicable.