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Society Account

An account designed to simplify your society's administrative process

Key Features
For seamless & automated management of your Society's administration

Account feature

Average Quarterly Balance (AQB) of just INR 25,000

Account feature

250 Free Cheque Leaves per annum

Account feature

Cash Deposit at any SVC Bank Branch up to INR 5,00,000 per month, if Average Monthly Balance (AMB) is maintained

Account feature

Corporate Internet Banking Facility

Benefits Image

Other Benefits

  • Free NEFT / RTGS transactions through Branch / Corporate Internet Banking
  • No charges on Cash Withdrawal from any SVC Bank Branch
  • Cash Withdrawal limit of INR 25,000 per day, if withdrawn from non-Base Branch
  • Monthly Cash Deposit Limit*
    • If Average Monthly Balance (AMB) is maintained: Up to INR 5,00,000 or eight times the AMB, whichever is higher
    • If Average Monthly Balance (AMB) is not maintained: Up to INR 2,00,000 or eight times the AMB, whichever is higher
  • Free unlimited DD / PO per month
  • Free Cheque Drop box facility^
  • Any Branch banking enabled

Note: Other charges, as per Bank's Schedule of Charges, are applicable

*Cash handling charges of INR 2 is applicable per INR 1000, if limit is exceeded

^Terms & conditions apply

Eligibility

  • Registered Societies
  • Initial Deposit - INR 25,000
  • Minimum Average Quarterly Balance (AQB) - INR 25,000

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