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C 7/8, Shri Popatlal Dani Bhavan,Gandhinagar, Gujarat-282021
Saving Account
Current Account
Fixed Deposit
Reccuring Deposit
Basic Saving Account
Saving Account
- We offer 3% Interest on Savings Bank Deposit as per RBI Directive Application.
- Customer has to maintain minimum balance or Rs.500/- for Cheque Book facility.
- We offer nomination facility for all deposit accounts.
- We Open No Frill Saving 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.
- We are member of Deposit Insurance and Credit Guarantee Scheme in which customers deposits are insured up to Rs. 5Lac.
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. Birth Proof of Children is required.
- 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 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?? 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.
Requirements to open Savings Bank Account
- Valid Photo I.D. Address Proof.
- (A) Any one of proof
- Passport
- Driving License
- Voter ID Card
- Government Approved College/university I.Card
- Government/Semi government/Department I.Card
- Aadhar Card
- (B) Address Proof(Any One)
- Electricity Bill (not more than 2 months old)
- BSNL Landline Telephone Bill,
- Municipal Tax Bill
- GSPC Gas Bill
- Latest LIC Premium receipt
- Aadhar Card
- Voter Id
- Other proof acceptable by Bank.
- Passport Size Photograph 2 Copies
- Pan Card
- Birth Certificate for minor account
Current Account
- We offer 3% Interest on Savings Bank Deposit as per RBI Directive Application
- Customer has to maintain minimum balance or Rs.500/- for Cheque Book facility.
- We offer nomination facility for all deposit accounts.
- We Open No Frill Saving 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.
- We are member of Deposit Insurance and Credit Guarantee Scheme in which customers deposits are insured up to Rs. 5Lac.
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 at the time of opening an account under KYC norms as per RBI Guideline.
- The Bank 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 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.
- No interest will be paid in Current Account.*
- * In case of death of any person holding a current account (individual or proprietorship), bank will pay interest from date of death to date of claim as per saving deposit rate applicable as per RBI Norms.
Requirements to open Savings Bank Account
- Valid Photo I.D. Address Proof of proprietor / partners /directors
- (A) Any one of proof for all partners/ directors or proprietor (Photo Id)
- Passport
- Driving License
- Voter ID Card
- Government Approved College/universit I.Card
- Government/Semigovernment/Departme I.Card
- (B) Address Proof(Any One)
- Electricity Bill (not more than 2 months old)
- BSNL Landline Telephone Bill (not more than 2 months old)
- Municipal Tax Bill
- (C) Other proof acceptable by Bank.
- Passport Size Photograph 2 Copies
- Registration Certificate of firm/shop and establishment/S.S.I /VAT.
- Partnership deed
- Copy of Memorandum and Articles of Association Latest Form No.32. (For Company Account) / Resolution to operate the account.
- Pan Card with forwarding letter
Fixed Deposit
- Fix deposit scheme is an attractive scheme to deposit your savings for fix period for 30 days to 05years as per your future requirements.
- We provide attractive Interest Rates to our Customers from time to time.
- We offer 0.25% extra Interest Rate to Senior Citizens(Age upto 60 or above)on fix deposits of more than 1 year period and above.
- Guardian can open Minor Fix deposit A/c. When minor turns major then at maturity he/she can withdraw the amount with his/her signature, after providing valid age proof.
- We offer nomination facility for all deposit accounts.
- We provide quarterly, half yearly, yearly Interest payment to our customers on their existing Fix Deposits as per their instruction.
- Loan and Overdraft facility is available against Fix deposit receipt.
- The maturity date of Loan and Overdraft Account against Fix Deposit is maturity date of Fix Deposit Receipt.
- TDS on Interest income will be deducted as per Income Tax Act.
- We are member of Deposit Insurance and Credit Guarantee Scheme [DICGC] in which customers deposit are insured up to Rs. 5Lac.
Rules Regulation for Savings Bank Account
- Depositor has to fulfill KYC norms as per RBI directive.
- Customer can Open Fix Deposit A/c with minimum of Rs.500/-
- Guardian can open Minor Fix Deposit A/c. When minor turn major then after providing valid age proof he/she can withdraw the amount with his/her signature.
- In the case of premature withdrawal will be deposit it will observe that what is the period the deposit remained with bank, then the Interest Rate will be compare between present/ Existing rate and the rate at the time of deposit which ever is less will be applicable and 1% penalty will also deduct from interest rate and then the interest calculation will be done on the deposit amount and that interest amount will be payable to the customer.
- If a Fix Diposite matures and proceeds are unpaid, the amount left unclimed with the Bank shall attract rate of interest as applicable to saving account or the contracted rate of interest on the matured FD, whichever is lower.
- All rights reserved to the Bank management to Change the Interest Rate of the Fix Deposit Scheme without prior notice. Change of Interest rate will be applicable to new deposits only.
- The Bank having rights of appropriation, set off, lien and change the rules and regulation for the scheme.
Requirements to open Savings Bank Account
- Valid Photo I.D. Address Proof of proprietor / partners /directors
- (A) Any one of proof for all partners/ directors or proprietor (Photo Id)
- Passport
- Driving License
- Voter ID Card
- Goverment Approvel Collage/University I.card
- Goverment/Semi Goverment /Department I.Card
- Adhar card
- (B) Address Proof(Any One)
- Electricity Bill (not more than 2 months old)
- BSNL Landline Telephone Bill (not more than 2 months old)
- Municipal Tax Bill
- Passport
- Driving Licence
- Aadhar Card
- Other proof acceptable by Bank.
- Passport Size Photograph 2 Copies
- Pan Card
- Birth Certificate for minor a/c.
- Senior Citizens have to produce age proof to avail extra Interest Rate benefit.
Reccuring Deposit
- 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. 50/- thereafter i.e. Rs.150/-, Rs.200/-, Rs. 250/- 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. 5Lac.
Rules Regulation for Savings Bank Account
- 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 instalments till date of opening a/c or last installment date of every month.
- If Depositors failed to deposit more than 2 instalments then if he/she don?? deposit the due amount within 10 days after notice then Bank will close such account and pay the amount with interest where interest rate will be Savings Interest Rate.
- If two or more instalments are paid late then the maturity date will be extend to that period.
- The maturity amount is payable after 30 days of last instalments deposited.
- If customer want to close the 12 months period deposit account before its mature period then the interest will be applicable as per Savings Interest Rate.
- If customer want to close account which is the more than 12 months period deposit account after 12 months then it is observed that what was previous rate for 12 months when the customer opened Recurring deposit account then 1% penalty will be deducted from that Interest Rate and then Interest will be calculated on the amount.
- If Customer Deposit more instalments than required for prescribe period then Interest will not be applicable on extra installment he/she deposited.
- Customers have to produce Passbook at the time of depositing installment and payment.
- If customer having Savings or Current a/c in the Bank then by the written application Bank will transfer Recurring Deposit instalments from that account as standing instruction.
- The Bank is having rights of appropriation, set off, lien and change the rules and regulation for the scheme.
Requirements to open Savings Bank Account
- Valid Photo I.D. Address Proof of proprietor / partners /directors
- (A) Any one of proof
- Passport
- Driving License
- Voter ID Card
- Government Approved College/university I.Card
- Government/Semi government/Department I.Card
- Aadhar Card
- (B) Address Proof(Any One)
- Electricity Bill (not more than 2 months old)
- Municipal Tax Bill
- GSPC Gas Bill
- Latest LIC Premium receipt
- Aadhar Cardb
- Driving Licence
- Voter ID
- Other proof acceptable by Bank.
- Passport Size Photograph 2 Copies
- Pan Card
- Birth Certificate for minor a/c.
Basic Saving Account
Rules Regulation for Savings Bank Account
- No minimum balance requirement.
- The services available in the account will include deposit and withdrawal of cash at bank branch as well as ATMs; receipt /credit of money through electronic payment channel or by means of deposit / collection of cheques drawn by Central / State Government agencies and departments.
- Annual transaction no more than 100000/-.
- maximum balance not more then 50000/- any time.
- No Cheque book facility will be available
- Facility of ATM card or ATM-cum Debit Card.
- No charge will be levied for non-operation /activation of in-operative basic Savings Bank Deposit Account
- Holders of basic Savings Bank Deposit Account will not be eligible for opening any other savings bank deposit account in the bank.
- We are member of Deposit Insurance and Credit Guarantee Scheme in which customers deposits are insured up to Rs. 5Lac.