| Category of Account holder
|
Description of documents
Identity |
Address |
| Individual
|
Photograph
Any one of the following: Passport ADHAR Card Income Tax PAN Card Voter ID Card Driving License Letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of bank.
|
Any one of the following:
Latest Telephone Bill Latest Electricity Bill Ration Card ADHAR Card Bank Account/Passbook/statement Letter from any recognized public authority Letter from employer i.e. Corporate of Company having account with us and subject to satisfaction of bank.
|
| Hindu Undivided Family (H.U.F.)
|
H.U.F. Letter or H.U.F. deed and
Photograph Any one of the following: Passport Income Tax PAN Card Voter ID Card Driving License ADHAR Card |
Any one of the following Latest Telephone Bill Latest Electricity Bill Ration Card ADHAR Card Bank Account/Passbook/ statement Letter from any recognized public authority |
Basic Saving Account:
- We offer 3.00% Interest on Savings Bank Deposit as per RBI’s Directive (Applicable from 1/10/2020).
- Customer has to maintain minimum balance or Rs.1000/- for Cheque Book facility.
- We offer nomination facility for all deposit accounts.
- Customer can open single/joint account and that account can jointly,operate as per instruction like Any one, Jointly, Any two Jointly either or survivor etc.
- Customer can open Savings A/c for his/her minor children.
- We offer Computerised passbook to our Account holders.
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’s Savings Account. Birth Proof of Children is required.
- The Bank’s 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 custody. The Bank is not responsible for any misuse of cheque book & pass book.
- Interest on Savings deposit is calculated on daily balances as per RBI’s directives.
- Cheque book charges will be Chargeble.
- 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.
- 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 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.
- Customer can open Current Account with minimum balance or Rs.2500/.
- We offer 15 pages cheque book.
- We offer nomination facility for all individual accounts and proprietory concern accounts.
- Customer can open joint account and that account can jointly,operate 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.
| Category of Account holder
|
Description of documents
Identity |
Address |
| Proprietorship Concern
|
Following documents pertaining to the proprietor in individual capacity to be obtained.
Photograph Any one of the following: |
Any one of the Following. ADHAR Card Latest Telephone Bill Latest Electricity Bill Ration Card Bank Account/Passbook/statement |
| In addition to above document of proprietor in individual capacity, ANY TWO of the following documents in the name of the FIRM; showing name, address and business activity should be obtained.
Registration Certificate / License under Shop & Establishment Act. Income Tax or Sales Tax Number Registration Certificate under CST/VAT Registration Certificate /license issued under Sales Tax or Service Tax or Professional Tax Authorities In case of Registered Practitioner, Registration Certificate/License issued by Institute of Chartered Accountant, Institute of cost & Works Accountant of India, Institute of Company Secretaries, Indian Medical Council or Food and Drug Control Authority of Indian etc. Any registration/licensing document issued in the name of the proprietary concern by the central government, State Governments authorities/department Importer-Exporter Code issued to the proprietary concern by the office of DGFT SME registration certificate, Allotment letter of GIDC.
|
||
| Partnership Firm | Document from all partners and Power of Attorney Holder if any:
Photograph Any one of the following: |
Document from all partners and Power of Attorney Holder if any:
Any one of the following Latest Telephone Bill Latest Electricity Bill Ration Card ADHAR Card Bank Account/Passbook/statement Letter from any recognized public authority
|
| Partnership Deed
Registration Certificate in case of Registered Firm Income Tax PAN Card Telephone & /or Electricity Bill Power of Attorney granted to a partner of an employee of the firm to transact on its behalf.
|
||
| Trust | Document from all Trustees and Power of Attorney Holder if any:
Photograph Any one of the following: |
Document from all Trustees and Power of Attorney Holder if any:
Any one of the following Latest Telephone Bill Latest Electricity Bill Ration Card ADHAR Card Bank Account/Passbook/statement Letter from any recognized public authority |
| Registration Certificate.
Copy of Bye-Laws. Resolution of Association/Society to open an account and identification of those who have authority to operate the account. Power of Attorney granted to its managers, or employee to operate the account Income Tax PAN Card Telephone Bill &/or Electricity Bill |
||
| Registered Association/ Society |
Document from all Trustees and Power of Attorney Holder if any:
PhotographAny one of the following: |
Document from all Trustees and Power of Attorney Holder if any: 1. Any one of the followingLatest Telephone BillLatest Electricity BillRation CardADHAR CardBank Account/Passbook/statementLetter from any recognized public authority |
| Registration Certificate in case of Registered Firm
Income Tax PAN Card Telephone & /or Electricity Bill Power of Attorney granted to a partner of an employee of the firm to transact on its behalf.
|
||
| Private Limited Company | Document from all Directors and Power of Attorney Holder if any:
Photograph Any one of the following: |
Document from all Directors and Power of Attorney Holder if any: Any one of the following Latest Telephone Bill Latest Electricity Bill Ration Card ADHAR Card Bank Account/Passbook/statement Letter from any recognized public authority |
|
Certificate of Incorporation and Memorandum and Articles of Association Resolution of Board of Directors to open an account and identification of those who have authority to operate the account. Power of Attorney granted to its managers, officers or employee to transact business on behalf of company Income Tax PAN Card Telephone Bill &/or Electricity Bill |
||
| Sr. | Particular | Regular | For Senior citizen |
| 1 | 7 Days to 14 Days | 3.50% | 4.00% |
| 2 | 15 Days to 45 Days | 4.00% | 4.50% |
| 3 | 46 days To 90 days | 5.00% | 5.50% |
| 4 | 91 days To 180 days | 6.00% | 6.50% |
| 5 | 181 days To 365 days | 7.35% | 7.85% |
| 6 | 366 days To 3 years | 7.35% | 7.85% |
| 7 | 3 years to 5 Years | 7.10% | 7.50% |
- We are member of Deposit Insurance and Credit Guarantee Scheme in which customers deposits are insured up to Rs. 5 Lacs.
-
- Recurring Deposit is a monthly Fix Savings 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, 36, 48 and 60 Months.
- 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.
- Current Rate of Interest: 5.00%
Significant Features:
- Any Individual Can Open Recurring Deposit Account.
- Maximum 3 Names Are Allowed In Joint Account.
- Minimum Amount of Monthly Installment is Rs. 100/-.
- Institute / Co-Society/Mandli / Trust Can Open Recurring Account.
- Recurring Deposit is accepted for Minors too.
- Current Rate of Interest is Subject to Change.
- Nomination facility is Available.
- Payment exceed by Rs. 10000 at the time of maturity will be paid to A/c Pay Order Only.
- Select Maturity Period & Pay Installment Regularly.
- Get Handsome Amount with Compounded Interest is paid on Maturity.
- Irregularity in the deposition of installment attracts penalty.
- Deposit installment on any day of the month.
- No TDS – Irrespective of any amount.
Requisites for Opening of Account:
- Duly filled Account Opening form.
- Copy of PAN Card / Duly filled Form 60.
- 1 Photograph of Each Signatories.
- Any of following document.
- ADHAR Card
- Rationing Card / Passport.
- Electricity Bill / Telephone Bill / House Tax Bill Etc.
- Valid document issued and permitted by govt.
Introduction:
- Account Holder Are Required to introduce themselves by one of the following:
- Existing Account Holder.
- Staff Member.
- Share Holder Member of the Bank.