Utkal Co-oerative Bank Ltd.

Accounts may be opened in the name of two or more persons with the arrangement to either or survivor or jointly to operate thereon as mentioned in the special instructions in the specimen signature card.
- Interest @half percent per annum or at such rate as would be decided by the management of the bank as per the directive issued there under by the R.B.I. from time to time will be allowed on monthly balances or multiples of Rs. 500/- on a minimum balance of Rs. 500/- such interest being calculated for each half year ending with 30th September and 31st March.
- No interest will be paid to an account if such interest amounts to less than Rs. 5/- per half year.
- No interest will be paid to on account for the half year during which it is closed.

Every remittance shall be accompanied by a memo of particulars Pay-in-slip, Cheque and Pass Book will be supplied to the constituents free of cost.
- Constituents must use only the cheque forms supplied by this bank in operating upon their Current Accounts.
- All entries in the Pass Book will be made by the Bank officials; the constituent should not make, erase, or correct any entry therein. Pass Book should be sent at least once in a month for being written up.
- An outstation constituent will be furnished with a statement of this account at the close of every month.
- Duplicate Pass Book will be supplied on payment of Rs. 10/- for each half-year or portion thereof to be written up. The fee is only a minimum and it will be depend on the volume of transactions.

Post dated cheques and those dated more than three months prior to the date of presentation as well as cheque drawn in excess of the amount at credit, will not be honoured.
9. Bills, Cheques and drafts drawn on local Banks will be collected free of charges, provided they are payable on demand but they cannot be drawn against until realised.. On bills cheques etc. not payable on demand or locally. Commission will be charged on scale fixed by Bank from time to time.
Notice for stop payment of cheque, will be recorded by the bank does not accept any responsibility in case it is overlooked.
The Bank reserves to itself the right to close any account without assigning any reason.
The Bank will charge incidental charges for any such extra services needed, every half year at its discreation.

RULES OF CURRENT ACCOUNT.