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Saving Account
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Saving Account
The 'saving account' is generally opened in bank by salaried persons or by the persons who have a fixed regular income. This facility is also given to students, senior citizens, pensioners, and so on. Saving accounts are opened to encourage the people to save money and collect their savings.
Saving account can be opened by depositing the minimum amount that is Rs 500 and also provides interest at 2.75% from 1/10/2021
Types of Saving Account
Documents Required
For personal accounts
- Passport size photos of each applicant
- For proof of identity, a copy of any one of the following: Income Tax PAN Card/Driving License/Passport/Voter ID Card/Aadhar Card (Bring the original along for verification)
- For proof of income, latest electric bill/gas connection bill/telephone bill (photocopy of any one) in the name of the applicant (original to be brought along for verification)
- Those who do not have PAN number should fill Form No. 60 separately. In such a case, two photocopies of the ID and residential proof will have to be provided.
For institution/trust accounts
- Registration certificate of the organization/trust, constitution
- Resolution on opening the account and the signatures of the office bearers who will administer the account
- Passport size photographs of the office bearers signing the account.
- Income Tax PAN number of the organization/trust. If there is no number, then Form No. 60 should be filled separately.
- Personal evidence of all the office bearers administering the account on behalf of the organization/trust will have to be submitted in the details mentioned below.
Advantages For Account Holder :
- Bank gives interest on deposits of account holders every monthly or every three months or cumulative as per desire of account holders.
- Bank provides 0% service charges to all the clients, share holders for their banker's cheque/ Pay-order.
- Bank allows to open savings account on nominal deposit of Rs 500, their in no certain limit for minimum balance and no hidden charges are charged on this account.
- With the help of RTGS and NEFT funds Transfer, you can transfer money throughout INDIA in lowest time and cheaper rates.
- SMS system which helps all the account holders to get regular updates about their transaction.
- Bank works on CBS platform which helps the client's get services from any branch Shree Bharat Co-Operative Bank Limited.
- Bank takes care for senior citizens and provides them with best facilities.
- Bank's head office has locker for clients.
- Facility of E-Payment, paying online all government taxes like income tax without any charges.
