Basic Saving Account
- We offer 3.0% Interest on Savings Bank Deposit as per RBI Directive.
- Customer has to maintain minimum balance or Rs.1000/- for Cheque Book facility.
- We also offer accident insurance on Savings Bank Deposit of Rs. 2 lakh*.
- We also open zero balance saving account with certain conditions/ limited transaction.
- We offer nomination facility for all deposit accounts.
- Customer can open Single/Joint account and that account can be operated as Jointly or can be operated as per Special Instruction like-Any one, Jointly, Any two Jointly, either or survivor etc.
- Customer can open Savings A/c for his/her minor children having Adhar number.
- We offer Computerised passbook to our Account holders, and statement print facility too.
- We are member of Deposit Insurance and Credit Guarantee Scheme in which customers deposits are insured up to Rs. 5 Lakh.
* Only for Saving Operative accounts with Balance more than Rs. 1000/-.
Rules & Regulation for Savings Bank Account
- Every Depositor must have to fulfill KYC norms as per RBI directive.
- The Customer has to give all the valid proof under KYC norms at the time of opening an account as per RBI Guideline.
- Guardian can open Minor Savings Account. Adhar Card copy of Children is compulsory.
- The Bank management having right to close the account after notice if account holder do not keep sufficient balance to clear inward cheque or ECS.
- The customer must have to preserve his/her cheque book & passbook in his/her custody. The Bank is not responsible for any misuse of cheque book & pass book.
- The customer without cheque book facility will be given withdrawal form at the time of payment. The Withdrawal Form will be given to the account holder only and only at the time of payment.
- The Passbook should be accompanied with the withdrawal form.
- The customer with Withdrawal Form will only be able to withdraw Rs. 20000/- for the same day.
- Stop payment of particular cheque/s facility is available but the customer has to keep sufficient balance to match the cheque amount then only the cheque will be returned with the reason of stop payment and no stop payment charges will be levied from the account.
- The Bank is having all rights of appropriation, set off, lien and change the rules and regulation.
Requirements to open Savings Bank Account
- Valid Photo I.D. & Address Proof
- (A) Any one of proof (Photo I.D.)
1. PAN Card
2. Adhar Card
3. Voter ID Card
4. Passport
5. Government Approved College/university I.Card,
6. Government/Semi government/Department I.Card
- (B) Address Proof(Any One) 1. Adhar Card 2. Voter ID Card3. Passport
4. Recent Elecrtricity Bill
5. Telephone/Mobile Bill
- Recent Passport Size Photograph 2 Copies
CURENT ACCOUNT :
- Customer can open Current Account with minimum balance or Rs.5000/-.
- We offer 100 pages cheque book to our Current Account holder.
- We offer nomination facility for all individual accounts and proprietory concern accounts.
- Customer can open joint account and that account can be operated as per instruction like Any one, Jointly, Any two Jointly either or survivor etc.
- We offer Monthly, Half yearly, Yearly and periodical Statement to our Customers for their reconciliation purpose or any other purpose.
- We are member of Deposit Insurance and Credit Guarantee Scheme [DICGC] in which customers deposits are insured up to Rs. 1 Lac.
Rules & Regulation for Current Account:
- Every Depositor must have to fulfill KYC norms as per RBI directive.
- The Customer has to give all the valid proof at the time of opening an account under KYC norms as per RBI and CERSAI Guidelines.
- The Bank’s management is having right to close the account after notice if account holder do not keep sufficient balance to clear inward cheque or ECS.
- The customer must have to preserve his/her cheque book in his custody. The Bank is not responsible for any misuse of cheque book.
- Cheque book charges will be debited from the account at the time of issue of cheque book. Other Charges which will be applicable will also be deducted from the account.
- Stop payment of particular cheque/s facility is available the customer has to keep sufficient balance to match the cheque amount then only the cheque will be returned with the reason of stop payment and stop payment charges may be levied from the account.
- The Bank is having all rights of appropriation, set off, lien and change the rules and regulation.
- No interest will be paid in Current Account.
Requirements For Current Bank Account
- Valid Photo I.D. & Address Proof of proprietor / partners /directors.
- Any one of proof for all partners/ directors or proprietor (Photo Id)
1.Pancard
2.Passport,
3.Driving License,
4.Voter ID Card,
5.Aadhar Card,
6. Government/Semi government/Department I.Card
7.Government Approved College/university I.Card
1. Electricity Bill (not more than 2 months old)
2. BSNL Landline Telephone Bill (not more than 2 months old)
3. Municipal Tax Bill
4. APMC License Copy
5. GST Registration Copy,
6. Sales Tax registration copy.
- Other proofs acceptable by Bank.
- Passport Size Photograph – 2 Copies
- Registration Certificate of firm/shop and establishment/S.S.I /VAT/GST.
- Partnership deed along with firm registration certificate if registered.
- Copy of Memorandum and Articles of Association & Latest Form No.32. (For Company Account) / Resolution to operate the account.
- Pan Card(proprietor / partners / directors/ company) with forwarding letter
- Introduction from existing Account Holder
- Recurring Deposit is a monthly Scheme. Customer can Open Recurring A/c with minimum of Rs.100/- per month and in count of Rs. 100/- thereafter i.e. Rs.100/-, Rs.200/-, Rs. 300/- etc.
- Customers can open Recurring account for 12, 24 and up to 60 Months./li>
- We offer nomination facility for all deposit accounts.
- We are member of Deposit Insurance and Credit Guarantee Scheme in which customers deposit are insured up to Rs. 1 Lac.
Rules & Regulation for Recurring Deposit
- Depositor has to fulfill KYC norms as per RBI directive.
- Guardian can open Minor Recurring A/c. When minor turn major there after providing valid age proof he/she can withdraw the amount with his/her signature.
- Every Depositor must have to deposit their monthly installments regularly till the maturity of account.
- The maturity amount is payable after 30 days from the date of last instalment deposited.
- The Savings rate of interest will be applicable if the recurring deposit account of 12 months close before maturity.
- No interest will be applicable on excess installments deposited.
- Standing instruction will be accepted for transfer of monthly installments from other accounts maintained by the account holder.
- The Bank having the rights of appropriation, set off of lien deposits on maturity.
- 1% penalty in the interest will be applicable on withdrawal before maturity.
Requirements to open Reccuring Bank Account
- Valid Photo I.D. & Address Proof
- (A) Any one of proof (Photo I.D.)
1. PAN Card
2. Adhar Card
3. Voter ID Card
4. Passport
5. Government Approved College/university I.Card,
6. Government/Semi government/Department I.Card 6. Aadhar Card
- (B) Address Proof(Any One)
1. Adhar Card 2. Voter ID Card3. Passport
4. Recent Elecrtricity Bill
5. Telephone/Mobile Bill
- Recent Passport Size Photograph 2 Copies