This account can be opened as a single or joint account and requires an initial deposit of Rs. 2.5 lac. The minimum Average Quarterly Balance (AQB) requirement for an Ace Current Account is Rs. 2.5 lac.
The Ace Current Account is available to the following:
- Individual (Resident Indian)
- Sole Proprietorship
- Hindu Undivided Family (HUFs)
- Partnerships/Limited Liability Partnership
- Private Limited Company
- Co-operative Society/Subsidiaries and Associations/Trust/Club
- Religious Organisation/ Educational Institute/ Government Body
- Association of Persons
- Public Sector Undertakings
- Domestic Banks/ Regional Rural Bank/ Domestic Co-operative Banks
- Foreign Institutional Investors/Foreign nationals residing in India/ Foreign Companies
- Foreign Banks
- Insurance/ Mutual Fund
- Share and Stock Brokers
- Related Parties
- Non-Government Organisation (NGO/ Charitable Trust)