Power Jyoti current account

Power Jyoti Current Account

Unveiling the Power Jyoti Current Account: Empowering Businesses for Success


  • In the dynamic landscape of business, having a reliable financial partner is crucial. The Power Jyoti Current Account emerges as a beacon, offering businesses a comprehensive suite of services to manage their finances effectively. Tailored to meet the diverse needs of enterprises, this account is more than just a banking solution; it's a strategic ally in navigating the complexities of modern commerce.


  • The primary purpose of the Power Jyoti Current Account is to provide businesses with a robust financial platform that facilitates seamless transactions, efficient cash management, and access to a range of banking services. Whether it's handling daily operations, managing funds, or planning for future growth, this account is designed to empower businesses with the tools they need to succeed.

All Features Point by Point:

  • Online Banking: Access your account anytime, anywhere through a secure online portal or mobile app. Monitor transactions, transfer funds, and manage payments with ease.
  • Customized Solutions: Tailor-made banking solutions to suit the specific requirements of different industries and business sizes.
  • Overdraft Facility: Enjoy the flexibility of an overdraft facility to meet short-term funding needs and manage cash flow fluctuations effectively.
  • Cheque Book Facility: Receive a cheque book for convenient transactions and payments, ensuring smooth business operations.
  • Cash Deposit and Withdrawal: Access a wide network of branches and ATMs for hassle-free cash deposits and withdrawals.
  • Electronic Fund Transfers: Seamlessly transfer funds domestically or internationally through various electronic channels, including NEFT, RTGS, and IMPS.
  • Interest Earnings: Earn competitive interest rates on the account balance to maximize returns on idle funds.
  • SMS and Email Alerts: Stay informed about account activities, transactions, and important updates through SMS and email alerts.
  • Dedicated Relationship Manager: Benefit from personalized assistance and guidance from a dedicated relationship manager to address your banking needs effectively.
  • Value-Added Services: Access a range of value-added services, such as insurance products, trade finance solutions, and investment advisory services, to support your business growth.

Here Are Some More Features of Power Jyoti Current Account:

Access to Management Information System (MIS):

  • Organizations are granted access to the Management Information System (MIS) in their desired format, facilitating efficient monitoring and analysis of financial data.

Transaction Charges:

  • For transactions up to Rs. 1,00,000/-, a flat fee of Rs. 60/- plus GST per challan is applicable.
  • For transactions above Rs. 1,00,001/-, a charge of Rs. 0.75 per Rs. 1000 is levied, with a minimum of Rs. 60/- and a maximum of Rs. 20,000/- plus GST per challan.

Collection Procedure:

  • All collections made at any branch are pooled into a single account, streamlining the deposit process for organizations.

Monthly Average Balance (MAB):

  • The Monthly Average Balance (MAB) requirement for the Current Account is Rs. 50,000/-.

Zero Cash Handling Charges:

  • Organizations enjoy the benefit of zero cash handling charges, reducing operational costs associated with cash transactions.

Nature of Deposit:

  • The account operates as a Current Account, offering flexibility in managing day-to-day financial transactions.

Facility of Collection through Internet Banking (INB):

  • Collection through Internet Banking (INB) is not available, necessitating physical deposit methods.

Cheque Book Facility:

  • Cheque book facility is not available with this account variant, limiting transaction options to non-cheque methods.

Penalty for Closing of Account:

  • No penalty is incurred for closing the account within 14 days of opening.
  • After 14 days, a penalty of Rs. 1000/- plus GST is applicable for account closure.

Charges for Non-Maintenance of MAB:

  • A penalty of Rs. 1000/- plus GST is levied for non-maintenance of the Monthly Average Balance (MAB), encouraging organizations to adhere to the prescribed balance requirements.


  • The Power Jyoti Current Account is available to a wide range of businesses, including sole proprietorships, partnerships, private limited companies, public limited companies, and more. Eligibility criteria may vary depending on the bank's policies and regulations.


  • In conclusion, the Power Jyoti Current Account stands as a comprehensive financial solution tailored to meet the diverse needs of businesses. With its array of features, personalized services, and flexible options, it empowers enterprises to streamline their financial operations and drive growth. As businesses navigate the complexities of the modern economy, having a reliable banking partner like the Power Jyoti Current Account can make all the difference in achieving success. The Power Jyoti Current Account offers organizations a suite of features tailored to their financial needs. With access to the Management Information System, transparent transaction charges, and the convenience of pooled collections, businesses can efficiently manage their finances. While benefiting from zero cash handling charges, organizations must maintain the prescribed Monthly Average Balance to avoid penalties.

Important FAQs:

Who is eligible for a Power Jyoti Current Account?

  • The account is available to various types of businesses, including sole proprietorships, partnerships, private limited companies, and public limited companies.

What documents are required to open an account?

  • The required documents may include proof of identity, proof of address, business registration documents, PAN card, and other KYC (Know Your Customer) documents.

Is there a minimum balance requirement for the account?

  • Minimum balance requirements may vary depending on the bank and the type of account variant chosen.

Can I access my account online?

  • Yes, the Power Jyoti Current Account provides access to online banking facilities, allowing you to manage your account conveniently from anywhere.

Are there any fees associated with the account?

  • Fees and charges may apply for certain services or transactions. It's advisable to check with the bank for a detailed schedule of charges.

How can I apply for an overdraft facility?

  • Overdraft facilities are subject to approval based on the business's creditworthiness and other factors. You can inquire about the application process with your relationship manager or visit the nearest branch for assistance.

What additional services are available with the account?

  • The Power Jyoti Current Account offers various value-added services, including insurance products, trade finance solutions, and investment advisory services, to cater to the diverse needs of businesses.

We hope that you like this content and for more such content Please follow us on our social site and YouTube and subscribe to our website.
Manage your business cash flows and payable/receivables using our Bahi Khata App