SVC Society Account

For Seamless & Automated Management of your Society's Administration

Personal Banking > Deposits Saving Account > Society

SVC proudly presents the Society Savings Account, developed with the sole purpose of simplifying your society's administrative processes.

Benefits

  • Free Maintenance of Bills and Receipts (Under SVC Society Module Scheme)
  • Free cheque book facility of 250 cheque leaves per annum
  • Free Cheque Drop box facility shall be provided to the Society subject to terms and conditions stipulated by the Bank from time to time
  • Free Pay order and Demand Draft shall be issued for any amount
  • Free Money transfer via RTGS/NEFT
  • Free execution of Standing Instructions

Account Essentials

  • Account will have to be opened with a minimum balance of Rs.25000/-
  • An Average Quarterly Balance of Rs. 25,000/- will have to be maintained
  • Penalty charges of Rs: 500/- for non- maintenance of minimum balance per quarter
  • Penalty charges of Rs: 1000/- will be levied if account is closed within 6 months & Rs.750/- will be levied of account is closed within 1 year. Society or group of societies or federation having minimum of 50 members or on case to case basis are eligible to open SVC Society account with our Bank

To know more about Interest Rate, click here