Retail Loan - Documents Required

To be eligible for a Commercial Property Loan, you should have a Cibil score of 700 or higher and at least be 21 years of age.

Yes. As long as customer is a part of the product that provides this facility and the status of account is ‘Active’, the policy shall be renewed every year.

The insurance cover period for the customer will be as per the Certificate of Insurance received by him/her from ManipalCigna.

The tenure is for 1 Year. 

The age criteria is 18 Years to 64 Years 11 Months 
Pl note: for any existing customer who is more than 64 years 11 months years of age, any other retail product can be offered to him/her.

Customer is covered for INR 10 Lakhs under SVC Salary Gold Account.

The name of the Group Policy is ManipalCigna Lifestyle Protection Group Policy. The Bank has tied up with ManipalCigna Heath Insurance Company to provide this Insurance Cover.

Yes. As long as customer is a part of the product that provides this facility and the status of account is ‘Active’, the policy shall be renewed every year.

The insurance cover period for the customer will be as per the Certificate of Insurance received by him/her from ManipalCigna

The tenure is for 1 Year. 

The age criteria is 18 Years to 64 Years 11 Months 
Pl note: for any existing customer who is more than 64 years 11 months years of age, any other retail product can be offered to him/her

Customer is covered for INR 5 Lakhs under SVC Salary Silver Account

The name of the Group Policy is ManipalCigna Lifestyle Protection Group Policy. The Bank has tied up with ManipalCigna Heath Insurance Company to provide this Insurance Cover.

Yes. As long as customer is a part of the product that provides this facility and the status of account is ‘Active’, the policy shall be renewed every year.

The insurance cover period for the customer will be as per the Certificate of Insurance received by him/her from ManipalCigna

The tenure is for 1 Year. 

The age criteria is 18 Years to 64 Years 11 Months 
Pl note: for any existing customer who is more than 64 years 11 months years of age, any other retail product can be offered to him/her.

Customer is covered for INR 2 lakhs under SB Classic Account.

The name of the Group Policy is ManipalCigna Lifestyle Protection Group Policy. The Bank has tied up with ManipalCigna Heath Insurance Company to provide this Insurance Cover.

Business Edge Current Account has a Cash Deposit limit of INR 2,00,000 or 8 times the Average Monthly Balance (AMB), whichever is higher.

5 NEFT / RTGS transactions, per month, are free through Branch Banking and all NEFT / RTGS transactions are free through Internet Banking.

Business Edge Current Account holder is entitled to receive 1 Cheque Book per annum.

Business Edge Current Account has a Debit Card limit of INR 25,000 per day, each across ATM, POS and Ecommerce.

Charge of INR 500 is applicable, per quarter, if AQB is not maintained.

A Business Edge Current Account holder needs to maintain an Average Quarterly Balance (AQB) of INR 10,000

Classic Current Account has a Cash Deposit limit of INR 1,00,000 or 8  times the Average Monthly Balance (AMB), whichever is higher.

NEFT / RTGS transactions are chargeable through Branch Banking and free through Internet Banking.

Classic Current Account holder is entitled to receive 1 Cheque Book free post account opening

Classic Current Account has a Debit Card limit of INR 25,000 per day, each across ATM, POS and Ecommerce

Charge of INR 500 is applicable, per quarter, if AQB is not maintained

A Classic Current Account holder needs to maintain an Average Quarterly Balance (AQB) of INR 5,000

Education loan can be availed to acquire educational degree / certificate in India or abroad

Education loan of maximum INR 1,50,00,000/- can be availed for Domestic and International courses

Margin on Education Loan is:

• In India (up to INR 10 Lakhs) - 10% of the cost of education
• In India (Above INR 10 Lakhs) - 20% of the cost of education
• Abroad (up to INR 20 Lakhs) - 10% of the cost of education
• Abroad (Above INR 20 Lakhs) - 20% of the cost of education

Repayment tenure for education loan is maximum 180 months 

There is minimal processing fees charged on Education Loans

Vehicle Loan can be availed for purchase of a new Two Wheeler / Four Wheeler / Electric cars

Yes, loan for vehicle being purchased for commercial purposes will also be financed

Yes, SVC Bank finances used / second hand vehicles as well

Vehicle loan of maximum INR 750 Lakhs can be availed.

Terms & conditions apply

Margin on vehicle loans is as follows:

• For personal use: 10% (on Cost + Registration Charges + Insurance)
• For commercial: 25% (on Cost + Registration Charges + Insurance)
• For used cars: 40%

Repayment tenure for new cars is maximum 60 months whereas for used cars is maximum 60* months

Doctors Loan can be availed by medical professionals for:

• Acquisition / construction of a nursing home / hospital
• Purchase of medical equipments
• Financing of ambulances, specialized mobile medical units or purchase of a new car

• In case of purchase of furniture / fixtures / equipment / machinery - INR 300 Lakhs 
• In case of purchase of commercial property - INR 750 Lakhs

Margin on Doctors Loan is:

• 10% of Agreement Value for loans up to INR 30 Lakhs on land and building
• 20% of Agreement Value for loans above INR 30 Lakhs on land and building
• 15% to 25% on plant and machinery / equipment etc.
• 10% for new cars

• For premises- 180 months
• For equipment / Machineries / Ambulance, Computers, etc – 60 to 84 months
• Furniture & Fixtures / Renovations/ Modernisation – Maximum 60 months
• For Purchase of New car – 60 months

There is minimal processing fees charged on Doctor Loans

Mortgage Loan can be availed for funding business needs, personal needs or any productive purpose like education, acquisition of assets, expansion of business, etc, but cannot be availed for speculative purpose

Vehicle loan of maximum INR 750 Lakhs can be availed

Property Agreement Date / Purchased on 

Up to 1 Year: 20% of Agreement Value or Market Value whichever is less
Above 1 year: 35% of Market value

Repayment tenure for mortgage Loans is 15 years

Yes, Top up Facility is available on Mortgage Loans with SVC Bank

Gold loan can be availed for funding immediate and urgent personal or business needs, however, the purpose can not be speculative in nature

Gold loan of maximum INR 5,00,000 can be availed

25% on the fair value arrived at through the prevailing Benchmark Rate (announced by the Bank from time to time) of the security to be pledged

Repayment tenure for gold loan is 12 months (1 year)

There is a minimal processing fee charged on Gold Loans

Home Loan can be availed for:

• Construction of own house
• Purchase of readily built house / flat / resale flat
• For takeover of housing loans, from other banks / institutions

Home loan of INR 3,00,00,000/- per individual, per dwelling unit can be availed

Margin on Home Loans is 10% to 15% of (Agreement Cost + Stamp Duty + Registration)

Repayment tenure for Home Loans is maximum 240 months (20 Years)

Balance Transfer as well as Top up Facility is available on Home Loans with SVC Bank

Security of the Loan will generally be security interest on the property being financed by the Bank

A Silver Plus Current Account holder needs to maintain an AQB (Average Quarterly Balance) of INR 100,000

Charge of INR 1,000 is applicable per quarter if AQB is not maintained

Silver Plus Current Account has Debit Card per day limit of INR 50,000 each across ATM, POS and Ecommerce.

A Silver Plus Current Account holder is entitled to receive unlimited cheque leaves and DD / PO free

No charges for NEFT / RTGS transactions through Branch Banking as well as Internet Banking

Silver Plus Current Account has a cash deposit limit of INR 1,500,000 or 10  times of AMB, whichever is higher

A Premier Current Account holder needs to maintain an AQB (Average Quarterly Balance) of INR 50,000

Charge of INR 750 is applicable per quarter if AQB is not maintained

Premier Current Account has Debit Card per day limit of INR 50,000 each across ATM, POS and Ecommerce.

A Premier Current Account holder is entitled to receive 400 cheque leaves free per annum and 40 DD / PO (up to value INR 500,000) free per month

No charges for NEFT / RTGS transactions through Branch Banking as well as Internet Banking

Premier Current Account has a cash deposit limit of INR 800,000 or 10  times of AMB, whichever is higher.

A Pearl Current Account holder needs to maintain an AQB (Average Quarterly Balance) of INR 25,000

Charge of INR 600 is applicable per quarter if AQB is not maintained

Pearl Current Account has Debit Card per day limit of INR 50,000 each across ATM, POS and Ecommerce.

A Pearl Current Account holder is entitled to receive 300 cheque leaves free per annum and 20 DD / PO (up to value INR 300,000) free per month.

No charges for NEFT / RTGS transactions through Branch Banking as well as Internet Banking

Pearl Current Account has a cash deposit limit of INR 500,000 or 10  times of AMB, whichever is higher.

E-trade is a combination of Savings, Demat and Trading Account.

SVC Bank has tied up with Geojit Financial Services for the purpose of Online Trading

Equity SIP is just like mutual funds SIP, wherein you invest fixed amount of funds monthly in any scrip / shares of your choice.

• Login to SVC E-Trade from SVC Bank website
• Enter Geojit Username and Password
• Block funds that you need to invest
• Invest in Shares / Mutual funds as per your choice

This platform provides investors access to live news, technical analysis, charts and fundamental research reports for making informed decisions. The platform also allows After Market Orders.

A Gold Savings Account holder needs to maintain an AQB (Average Quarterly Balance) of INR 50,000

Charge of INR 1,000 is applicable per quarter if AQB is not maintained

Gold  Savings Account has Debit Card per day limit of INR 25,000 each across ATM, POS and Ecommerce.

A Gold Savings Account holder is entitled to receive 150 cheque leaves free per annum and unlimited DD / PO free per month.

Debit Card AMC is waived for the 1st year for Gold Savings Account holders.

Gold Savings Account comes with a complimentary Rupay Platinum Debit Card. This debit card offers an Accidental Death Insurance Cover of INR 2 Lakhs, Complimentary Airport Lounge Access (Domestic & International) and Concierge Services.

*Debit Card terms & conditions apply. For more information, visit www.rupay.co.in

No charges for NEFT / RTGS transactions through Internet Banking as well as Branch Banking

A Silver Savings Account holder needs to maintain an AQB (Average Quarterly Balance) of INR 25,000

Charge of INR 750 is applicable per quarter if AQB is not maintained

Silver Savings Account has Debit Card per day limit of INR 25,000 each across ATM, POS and Ecommerce.

A Silver Savings Account holder is entitled to receive 100 cheque leaves free per annum and 5 DD/PO free per month.

Debit Card AMC is waived for the 1st year for Silver Savings Account holders.

Silver Savings account comes with a complimentary Rupay Platinum Debit Card. This debit card offers an Accidental Death Insurance Cover of INR 200,000, Complimentary Airport Lounge Access (Domestic & International) and Concierge Services.

*Debit Card terms & conditions apply. For more information, visit www.rupay.co.in

No charges for NEFT / RTGS transactions through Internet Banking and 10 free transactions per month through Branch Banking

A Society Plus account needs to maintain an AQB (Average Quarterly Balance) of INR 50,000

Charge of INR 500 is applicable per quarter if AQB is not maintained

SVC Bank has tied up with Third Party Service Provider (viz., Society Run) and shall provide complete automation module which has end-to-end solutions for managing a Housing Society. This Society Automation module is branded as an SVC Bank offering under the name of - SVC Society PRO. This module will be bundled with our new Savings Account 'SVC - SB Society Plus'.

The account shall be opened by Housing Societies only.

Society Plus account is entitled to receive unlimited cheque leaves free and DD/PO.

Society Plus account has a cash deposit limit of INR 10,00,000 or 8 times of AMB, whichever is higher.

The app SVC SocietyPRO is available on Google Playstore for Android Users and on iOS for iPhone Users.

No charges for NEFT / RTGS transactions through Internet Banking, however, the same will be chargeable as per Bank's Schedule of Charges if done through Branch.

Institutional Savings Account holder needs to maintain an AQB (Average Quarterly Balance) of INR 5,000

Charge of INR 150 is applicable per quarter, if AQB is not maintained

An Institutional Account holder is entitled to receive unlimited cheque leaves free and DD/PO.

Institutional Savings Account is a specific offering by SVC Bank catering to the needs of the Institutional Segment - Trusts, Associations, Schools, Colleges, etc.

Institutional account has a cash deposit limit of INR 10,00,000 or 10 times of AMB, whichever is higher.

No charges for NEFT / RTGS transactions through Branch Banking as well as Internet Banking

Salary Gold is a zero balance savings account catering to the needs of salaried employees.

Since this is a zero balance account, account will not be charged with non maintenance of minimum balance charges.

Salary Gold Account has Debit card per day limit of INR 75,000 each across ATM, POS and Ecommerce

Salary Gold Account holder is entitled to receive unlimited cheque leaves free per annum and 10 DD/PO (up to value INR 1,00,000) free per month

Debit Card AMC is waived for Salary Gold Account holders

Every primary holder of a Salary Gold account receives a complimentary Accidental Death Insurance Cover of INR 10 lakhs, sponsored by SVC Bank and underwritten by ManipalCigna Health Insurance Company.

Salary Gold account comes with a complimentary Rupay Platinum Debit Card. This debit card offers an Accidental Death Insurance Cover of INR 2 lakhs, Complimentary Airport Lounge Access (Domestic & International) and Concierge Services.

*Debit Card terms & conditions apply. For more information, visit www.rupay.co.in

No charges for NEFT / RTGS transactions through Branch Banking as well as Internet Banking

Any firm needs to have at least 10 employees having average monthly salary of INR 25,000 to be eligible for opening Salary Gold accounts of its employees

Salary Silver is a zero balance savings account catering to the needs of salaried employees

Since this is a zero balance account, it will not be charged with non maintenance of minimum balance charges.

Salary Silver Account has Debit Card per day limit of INR 50,000 each across ATM, POS and Ecommerce

Salary Silver Account holder is entitled to receive 50 cheque leaves free per annum and 5 DD / PO (up to value INR 5,000) free per month

Debit Card AMC is waived for Salary Silver Account holders

Every primary holder of a Salary Silver account receives a complimentary Accidental Death Insurance Cover of INR 5 lakhs, sponsored by SVC Bank and underwritten by ManipalCigna Health Insurance Company.

Salary Silver account comes with a complimentary Rupay Platinum Debit Card. This debit card offers an Accidental Death Insurance Cover of INR 2 lakhs, Complimentary Airport Lounge Access (Domestic & International) and Concierge Services.

*Debit Card terms & conditions apply. For more information, visit www.rupay.co.in

No charges for NEFT / RTGS transactions through Branch Banking as well as Internet Banking

Any firm needs to have at least 10 employees having average monthly salary of INR 15,000 to be eligible for opening Salary Silver accounts of its employees

A Classic Savings Account holder needs to maintain an AQB (Average Quarterly Balance) of INR 5000

Charges of INR 150 is applicable per quarter if AQB is not maintained

Charges of INR 150 is applicable per quarter if AQB is not maintained

Classic Savings Account has Debit card per day limit of INR 25,000 each across ATM, POS and Ecom.

A Classic Savings Account holder is entitled to receive 50 cheque leaves free per annum and 5 DD/PO (up to value INR 5000) free per month.

Debit Card AMC is waived for Classic Savings Account holders

Every primary holder of a Classic Savings account receives a complimentary Accidental Death Insurance Cover of INR 2 Lakhs, sponsored by SVC Bank and underwritten by ManipalCigna Health Insurance Company.

Classic Savings Account comes with a complimentary Rupay Platinum Debit Card. This debit card offers an Accidental Death Insurance Cover of INR 2 Lakhs, Complimentary Airport Lounge Access (Domestic & International) and Concierge Services.

*Debit Card terms & conditions apply. For more information, visit www.rupay.co.in

No charges for NEFT / RTGS transactions through Branch Banking as well as Internet Banking

A Classic Savings Account holder needs to maintain an AQB (Average Quarterly Balance) of INR 3000

Charges of INR 300 is applicable per quarter if AQB is not maintained

Regular Plus Savings Account has Debit card per day limit of Rs. 25000 each across ATM, POS and Ecom.

A Regular Plus Savings Account holder is entitled to receive 25 cheque leaves free per annum.

SB Regular Plus account can be opened by customers of the age group of 18 years and above. Open for Individuals (NRE/NRO included) & Institutions.

No, accounts of minors cannot be opened under this account variant. Accounts of minors can be opened under SB Minor or Star Savings Account.

IMPS is an innovative real time payment service that is available round the clock. This service is offered by National Payments Corporation of India (NPCI) that empowers customers to transfer money instantly through banks and RBI authorized Prepaid Payment Instrument Issuers (PPI) across India.

Sender- The customer has to do MMID Generation through Branch or Netbanking (only for Personal Internet Banking holders)

Receiver- The customer can share his/her Account number & IFS code or MMID with sender for receiving money. The receiver can register his/her mobile no. for getting SMS alerts for transactions.

Customers can either visit their base branch with a cheque and RTGS Application duly filled to transfer funds via RTGS. Customers can also transfer funds themselves using Internet banking / Mobile App by adding a beneficiary before executing any transfers.

Yes, every account needs to have its own separate MMID.

Mobile Money Identifier is a 7 digit number, issued by banks. MMID is one of the input which when clubbed with Mobile Number facilitates fund transfer. Combination of Mobile Number & MMID is uniquely linked with an Account Number and helps in identifying the beneficiary details

Using Beneficiary Mobile Number and MMID, OR

Using Beneficiary Account Number and IFS Code

IMPS transactions can be sent and received 24X7, (round the clock), including on holidays through Netbanking.

Money gets credited into the beneficiary account instantly.

The acronym 'RTGS' stands for Real Time Gross Settlement, which can be explained as a system where there is continuous and real-time settlement of fund-transfers, individually on a transaction by transaction basis (without netting). 'Real Time' means the processing of instructions at the time they are received; 'Gross Settlement' means that the settlement of funds transfer instructions occurs individually.

Beneficiary details like Beneficiary Name, Beneficiary's Bank Name, complete account number, IFSC Code and amount to be remitted are required to transfer funds through RTGS

Customers can either visit their base branch with a cheque and RTGS Application duly filled to transfer funds via RTGS. Customers can also transfer funds themselves using Internet banking / Mobile App by adding a beneficiary before executing any transfers.

The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is INR 2,00,000/- with no upper or maximum ceiling.

Indian Financial System Code (IFSC) is an alpha numeric code designed to uniquely identify the bank-branches in India. This is 11 digit code with first 4 characters representing the banks code, the next character reserved as control character (Presently 0 appears in the fifth position) and remaining 6 characters to identify the branch.

The IFSC number can be obtained by the remitter (customer) from his / her bank branch. Alternatively, it is available on the cheque leaf of the beneficiary. This code number / bank branch information can be communicated by the beneficiary to the remitting customer.

There are no charges for RTGS executed through Internet Banking and Mobile App. Please refer to the Bank's Schedule of charges for transactions being executed through Branch.

This system can be used only for remitting Indian Rupee among the participating banks within the country. The funds from NRI Accounts can also be remitted subject to applicability of provisions of FEMA. However customers can remit funds to Nepal. For more information please visit any of our branches.

The National Electronic Funds Transfer (NEFT) system is a nation-wide funds transfer system to facilitate transfer of funds from one bank to another.

Beneficiary details like Beneficiary Name, Beneficiary's Bank Name, complete account number, IFSC Code and amount to be remitted are required to transfer funds through NEFT

Customers can either visit their base branch with a cheque and NEFT Application duly filled to transfer funds via NEFT. Customers can also transfer funds themselves using Internet banking / Mobile App by adding a beneficiary before executing any transfers.

The transaction will be settled to your beneficiary as per the RBI batch which ideally takes 30 minutes to 4 hours.

Indian Financial System Code (IFSC) is an alpha numeric code designed to uniquely identify the bank-branches in India. This is 11 digit code with first 4 characters representing the banks code, the next character reserved as control character (Presently 0 appears in the fifth position) and remaining 6 characters to identify the branch.

There are no charges for NEFT executed through Internet Banking and Mobile App. Please refer to the Bank's Schedule of charges for transactions being executed through Branch.

The IFSC number can be obtained by the remitter (customer) from his / her bank branch. Alternatively, it is available on the cheque leaf of the beneficiary. This code number / bank branch information can be communicated by the beneficiary to the remitting customer.

This system can be used only for remitting Indian Rupee among the participating banks within the country. The funds from NRI Accounts can also be remitted subject to applicability of provisions of FEMA. However customers can remit funds to Nepal. For more information please visit any of our branches.

SVC Bank's Mobile banking Facility provides complete banking solution with various services like Balance Enquiry, Account Statements, Funds Transfer (NEFT/RTGS/IMPS),  Apply for Cheque Book / Pay Orders, etc.

There are no charges for Mobile Banking app. However there are charges for funds remitted through NEFT/ IMPS etc. Please check our website www.svcbank.com for charges.

'SVC Mobile' - App for Mobile Banking can be downloaded from Google Playstore by Android users and iOS by iPhone users. 

No. Mobile Banking Login ID and Password will be the same as registered for Internet Banking.

All customers who have a bank account and have enrolled for Personal Internet Banking are eligible for mobile banking.

Mobile Banking refers to online banking that occurs via mobile phone rather than via a PC (online banking). It facilitates customers to use mobile phones as a channel for accessing their bank accounts and remitting funds therefrom.

Default transaction limit on Internet banking is INR 3,00,000. However, user can increase / decrease the limits as per their comfort up to INR 10,00,000 through their Internet Banking login.

Password can be changed after user has logged in by using the "Change password" option in the top part of the screen. User needs to input their current password and the new password in the respective boxes.

SVC Bank's Internet banking Facility provides complete banking solution with various services like Balance Enquiry, Account Statements, Funds Transfer (NEFT/RTGS/IMPS), Booking of Term Deposits online, Debit Card Services (Set/Reset PIN, Block Debit Card, Manage Card Usage), Set Transaction Limits, Apply for Cheque Book / Pay Orders, etc.

Individual Accounts holders can register for Internet Banking through the Bank's Website. Customers can also register by submitting Personal / Corporate Internet banking application forms to their Base Branch

SVC Bank provides Corporate Internet Banking (CIB) facility for non-individual / institutional accounts in Maker-Checker format. Eligible account holders need to provide the CIB Application Form along with a Resolution in bank's prescribed format.

SVC Bank Customers will get “All Services” of Internet Banking, where the Account’s Mode of Operation is Single/ Either or Survivor/ Anyone or Survivor

Only viewing of account, i.e. “Balance & Statement” option will be provided to accounts, where the Mode of Operation is Jointly / Any two Jointly/ All Jointly / Specific Instructions

In such a case, please ensure that the mobile number linked to your bank account is same as the one verified in any UPI App. If it is not the same, your bank accounts will not be fetched by the UPI platform.

Users can de-register from UPI by sending an SMS 'STOPUPI' to 9820620454 OR 8750770066 from their registered mobile number.

SVC Bank customer can transact for Rs. 50000 per transaction, and Rs. 100000 per day using UPI.

UPI ID or the Virtual Payment Address (VPA) is a unique ID created by the user to send or receive money through UPI. Having a UPI ID, linked with a UPI-enabled Bank, enables a user to receive money in his/her bank account without sharing his/her account number or other details.

UPI-PIN (UPI Personal Identification Number) is a 4-6 digit pass code you create/set during first time registration with this App. You have to enter this UPI-PIN to authorize all bank transactions.

UPI can be registered by downloading any of the UPI Applications like BHIM, Google Pay, PhonePE, PayTM, etc from Google Playstore or iOS.

Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. UPI allows you to instantly transfer money between any two parties' bank accounts.