Current Account

The Tripura State Co-operative Bank Ltd. offers current accounts to various entities, including individuals, sole proprietorships, partnerships, companies, HUFs, local bodies, clubs, societies, associations, and trusts.  

Eligibility:

• Individuals: Except for illiterate individuals, undischarged insolvents, and those of unsound mind. Can be single or joint accounts.
• Sole Proprietorship Firms: Requires the proprietor's KYC documents and any two of the following as proof of business activity: registration certificate, municipal license, sales and income tax returns, CST/VAT/GST certificate, professional tax certificate, IEC, or utility bills in the firm's name.
• Partnership Firms & LLPs: Requires KYC documents of partners, beneficial owners, and those holding power of attorney, along with the partnership deed.
• Hindu Undivided Families (HUFs): Requires KYC of the Karta and major coparceners, a declaration of the HUF, and recent passport photographs of major coparceners.
• Private/Public Limited Companies: Requires documents related to the company's incorporation, registered address, directors, and beneficial owners, as per the KYC policy.
• Trusts, Clubs, Associations & Societies: Requires registration certificates, trust deeds/bye-laws, resolutions of managing bodies, PAN or Form No. 60, power of attorney (if applicable), and KYC of trustees, office bearers, and beneficial owners.
• Government / Semi-Government Bodies / Departments: Specific documents as required by the bank.

Features (may vary based on the specific current account product):

• Transaction facilities suitable for business needs.
• We offer personalized cheque book facility.
• Passbook facility.
• RTGS/NEFT/IMPS and UPI facility for fund transfer.

How to Open a Current Account:

• Visit a Branch: Locate the nearest branch of Tripura State Co-operative Bank Ltd. You can find branch details on their official website. As of May 15, 2025, they have a network of branches across different districts of Tripura, including West Tripura, Khowai, Gomati, South Tripura, Dhalai, North Tripura, Unakoti, and Sipahijala.  
• Obtain and Fill the Account Opening Form: Request a current account opening form from the bank official or download it from their website if available. Fill in all the required details accurately.
• Submit KYC Documents: Provide the necessary KYC documents as per the type of entity opening the account (individual, firm, company, etc.). Generally, this includes:

    - Proof of Identity: Aadhaar Card, Passport, Driving License, Voter's ID card.  

    - Proof of Address: Same as above.

    - PAN Card (or Form 16 if PAN is not available).

    - Recent passport-size photographs.

    - Additional documents specific to the type of business or entity (e.g., business registration, partnership deed, trust deed, etc.).

• Provide Introduction (if required): In some cases, an introduction from an existing account holder of the bank may be needed.
• Initial Deposit: Make the initial deposit as required for the specific current account product. The amount may vary.
• Submit the Form and Documents: Submit the filled account opening form along with all the necessary documents and the initial deposit to the bank official.
• Verification: The bank will verify the submitted documents.
• Account Activation: Upon successful verification, your current account will be activated, and you will receive the account details and a cheque book (if opted for).

Current Account with cheque book facility is offered by the Bank to its corporate and business clients. Clean and secured overdraft facility is also provided on the Current Account.