Saturday, October 6, 2012
Open Zero Balance Current Account At CSB Now
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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
This post was written by: Franklin Manuel
Franklin Manuel is a professional blogger, web designer and front end web developer. Follow him on Twitter
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