Zero Balance Current Account
Current accounts are business accounts
much needed for the proper running of any business in the country.
The availability and possibility to transfer huge sums without any
restrictiuons makes the current accounts more beneficial than savings
bank accounts.
But the major issue that draws back
customers to open a current account is the fact that to open a current account, you need to invest a certain sum as the account
opening charges and has to maintain that balance in the account
always.Most of the banks in India takes this minimum balance to be
around 10,000 rupees.This money forever lies in the bank earning no
interest for the businessmen.If ever the amount in your balance comes
below this minimum balance, you are fined by the bank as per their
terms and you lose money further.
To avoid this dead money ,many starters
in the business do not start a current account in the banks.And hence
the volume of transactions are limited which in turn affects their
business indirectly.
Now Start a Current Account with Zero
Balance
Catholic Syrian Bank one of the oldest banks in India has come with a new scheme facilitating this.The new
scheme of current accounts has introduced the zero balance system
which will allow business houses and other organisations to open a
current account with the bank with no initial sum of money.
Advantages of opening a Catholic Syrian
Bank Current Account
Here is why we think you should shift
your business to Catholic Syrian Bank
- ZERO BALANCE CURRENT ACCOUNT
The minimum balance required for the
current accounts in many banks are between the range of 2000 –
20000 INR.But this money earns you no interest and you can call this
amount as dead money.Catholic Syrian bank allows you to create
current account with zero balance and you save on the money which can
be routed else where.
- NO MINIMUM BALANCE REQUIRED
Along with the requirement by many
banks of the initial remittance amount, there goes a minimum balance criteria.
You are required to keep a fixed amount of money as minimum balance
and whenever the money goes below that amount, you are supposed to
pay the penal charges.
Why do you pay penal charges even when
there is( suppose) 9000 INR in your account?
Opening a Catholic Syrian bank account
with zero balance allows you not only to start your business with
zero initial remittance, but also you pay no penal charges for any
withdrawals from your side.
- NO FOLIO CHARGES
All bank accounts are costly. Even if
you have a current account or savings bank account with any bank,
they take a half yearly /yearly folio charges depending on the
transactions made.But in Catholic Syrian Bank Current accounts, you
are not charged any folio charges whatsoever.You open a current
account with no initial remittance, with no minimum balance
stipulations and you are not charged the folio charges.This perhaps is the best deal for businessmen all over India.
- NO RESTRICTIONS FOR CASH WITHDRAWALS
You might be thinking then that the
transactions are limited. NO of course not. There is absolutely no restrictions on
the amount of cash you can withdraw. All these cash withdrawals are changeless too.
- CHEQUE BOOK IS ISSUED
Just like any other current account,
you are issued the cheque books too.And further depending on the
volume of transactions you can request the branches to issue more
cheque leaves.This is another advantage of opening the current
account with the Catholic Syrian Bank.
As the cheque leaves are the prime source of transactions for the businessmen, the cheque leaves provided by CSB is MICR cheque leaves which will get passed at any clearing houses in India.
- FREE INTERNET BANKING
Internet banking transactions have been
made free of cost and you get more easiness doing the transactions
yourself. There are banks which may charge you for the provision of Internet banking, but in CSB you are never charged for this facility.
- FREE MOBILE BANKING
Mobile Banking too is provided free of
cost by CSB. You only need to fill up a mobile banking application
after the account is opened.
- FREE EMAIL ALERTS
Any transactions made in your accounts
are automaticaly reported via email to you. You get an account
statement email everytime you make a transaction on your account. You
can change the frequency of emails to either every transaction/
daily/wekly as per your requirement.
So what are you waiting for? It is time for you to boost your business with the best deal in the banking sector.
Check out the nearest CSB branch near your home CSB BRANCHES
