Run your business smoothly with a current account at Galaxy Multistate Co-operative Society, Phaltan. NEFT, RTGS, IMPS, mobile banking — all the tools your business needs, with the trust of a local co-operative.
Whether you run a shop, a business, or manage frequent transactions — a current account at Galaxy Multistate Co-operative Society gives you the flexibility and modern banking tools you need.
From NEFT and RTGS transfers to mobile banking and debit card facility, your business transactions are processed quickly and securely. Open your account with just ₹ 5,000 at our Phaltan branch.
| Average Monthly Balance (AMB) | Interest Rate (% p.a.) |
|---|---|
| Up to ₹ 50,000 | 0% |
| ₹ 50,001 – ₹ 1,00,000 | 1% |
| ₹ 1,00,001 – ₹ 5,00,000 | 2% |
| ₹ 5,00,001 & Above | 3% |
Visit Galaxy Multistate Co-operative Society, Phaltan branch.
Carry business registration documents, Aadhaar, PAN, and one photo.
Fill the current account opening form with assistance from our staff.
Deposit a minimum of ₹ 5,000 to activate your account.
Receive your cheque book and get access to all digital banking services.
| Identity Proof | Aadhaar Card / Voter ID / Passport (Proprietor / Partners) |
|---|---|
| Address Proof | Aadhaar Card / Electricity Bill / Ration Card |
| Business Proof | Shop Act / GST Registration / Partnership Deed (as applicable) |
| PAN Card | Mandatory |
| Photograph | 1 recent passport-size photograph |
| Minimum Deposit | ₹ 5,000 |
A current account at Galaxy Multistate Co-operative Society is built for shop owners, traders, and small business operators across Phaltan, Lonand, Dahivadi, and the Akluj corridor who handle frequent transactions. Unlike a Savings Account, a current account allows unlimited transactions without restriction, making it suitable for daily business cash flow, supplier payments, and customer receipts.
With NEFT, RTGS, and IMPS enabled, business owners can send and receive payments across India directly from the account, supported by mobile banking for on-the-go access. The account can be opened with a minimum deposit of ₹5,000 at the Phaltan branch, with business proof documentation (Shop Act / GST Registration / Partnership Deed, as applicable) submitted alongside standard KYC.
For businesses that also want to grow surplus funds, Galaxy Multistate's Fixed Deposit and Business Loan products are available at the same branch — helping local entrepreneurs manage both daily operations and long-term growth under one roof.