Biz TASC Current Account

Biz TASC Current Account

Comprehensive business banking Low monthly average balance Banking benefits​
Carry out routine banking activities effortlessly for your trust, association or club
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  • Business banking account for your Trust, Association, Club, Society, NGO, Hospital, Educational or Research Institution, etc.  

  • Monthly average balance (MAB) – ₹25,000 

  • ‘At par’ cheque book – 500 cheques free per month 

  • Free cash deposit limit evry month of up to ₹25 lakh or 20 times of MAB whichever is higher

  • Unlimited branch cash withdrawals every month 

  • Free 100 IMPS/NEFT/RTGS/DD transactions every month  

  • DD/PO transactions at nominal cost 

  • Free monthly account statement by email 

  • Net Banking facility 

  • View the complete and updated list of charges 

The following entities/organisations/agencies are eligible to open BIZ TASC Current Account: 

  • Trusts
  • Associations
  • Societies
  • Clubs
  • Non-Profit Organisations
     

Private Trusts (Including Family Trusts) 

  • Registration of the Trust  

  • In case the Trust is not registered, one of the following documents to confirm the legal existence of the entity to be obtained along with Branch Head certification  

    • Latest Income Tax Return  

    • Any other acceptable proof of existence document listed as per guidelines  

    • PAN Card/PAN Intimation letter/Form 60 with IT acknowledged Form 49 A  

  • Trust Deed  

  • List of trustees with name and address  

  • Resolution of the Trustees for opening and operations of the account  

  • Power of attorney granted to the authorised signatories to transact on its behalf  

  • Address proof of trust (if address is different from the Registration Certificate/proof of existence document)  

Employee Benefit Trusts (Group Gratuity Trust, Supperannuation Fund, Provident Fund, Pension Fund) 

  • KYC documents of the parent company 

  • Registration of the Trust  

  • In case the Trust is not registered, one of the following documents to confirm the legal existence of the entity to be obtained along with Branch Head certification  

    • Latest Income Tax Return 

    • Any other acceptable proof of existence document listed as per guidelines

    • PAN Card/PAN Intimation letter/Form 60 with IT acknowledged Form 49 A  

  • Trust Deed  

  • List of trustees with name and address  

  • Resolution of the Trustees for opening and operations of the account  

  • Power of attorney granted to the authorised signatories to transact on its behalf  

  • Address proof of trust (if address is different from the Registration Certificate/proof of existence document)  

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