Frequent deposits and withdrawals (as per circular)
Member deposit scheme
Current deposit
A current account keeps your business moving — deposits, withdrawals, and payments handled with the flexibility members need.
Member-only
RBI-guided norms
Nearest branch
About this scheme
Why members choose this product
Welcome to the Nitya Vikas Co-operative Society Current Deposit scheme—a financial solution specifically designed for businesses, traders, and professionals who require high-frequency daily transactions. We understand the pace of modern business, which is why our current account is engineered to provide you with complete financial flexibility and seamless liquidity.
At Nitya Vikas, we believe in making business banking efficient and transparent. Our Current Deposit account ensures zero restrictions on deposits and withdrawals, allowing your cash flow to remain smooth and uninterrupted. With no hidden charges and a simplified documentation process, you can focus entirely on growing your business while we handle your financial requirements with precision.
Partner with us for reliable, secure, and hassle-free banking. Open your Current Account with Nitya Vikas today and experience the professional support your business deserves.
Features
Key benefits
Cheque book facility where applicable
Suitable for business and regular payment needs
Minimum balance and service charges as per society circular
Branch support for statements and passbook updates
Rates & slabs
Applicable rate table
Effective date: not set on the website yet. When you share the circular date and row values, we will publish them here. Until then, confirm slabs at your nearest branch.
Confirm at branch
Column order Product name · Minimum balance · Service charges · Remarks
| Product name | Minimum balance | Service charges | Remarks |
|---|---|---|---|
| No numerical rows are published on the site yet. Send the values (and optional effective date) for the columns listed above; we will fill this table without inventing numbers. | |||
KYC documents
Acceptable proof of identity & address
Lists below follow the member-provided saving account KYC guidance (light formatting only).
Proof of identity (any one)
- Passport
- Voter ID card
- PAN card
- Driving licence
- Aadhaar card
- Government / Defence ID card
- ID card of reputed employer
- Pension payment order
- Photo ID card issued by post office
- Photo ID card issued by university
- Photo ID card issued by public authority
- NREGA card
- Photo ration card
- Senior citizen ID card
Proof of address (any one)
- Credit card statement (not more than 3 months old)
- Income / wealth tax assessment order
- Electricity bill (not more than 6 months old)
- Telephone bill (not more than 3 months old)
- Bank account statement
- Letter from reputed employer
- Letter from public authority
- Ration card
- Voter ID card (only if it contains the current address)
- Lease deed / sale deed
Latest updates
News & circulars
Next step
Open or enquire at the branch
Talk to DURGAPRASAD — DO No. 15-19-40, 1st Floor, Opp. Kanyaka Parameswari Temple, Main Road, Old Town, Repalle — 522265.