SVC Society Plus Account

SVC Society Plus Account

An intelligent combination of Account + Application assists you in all your society administrative & financial duties

Key Features
Experience the power of technology to make society management easy

An automated society application, beneficial for both Society, and its members

Free unlimited Cheque Leaves per annum

Cash Deposit at any SVC Bank Branch up to INR 10,00,000 per month, if Average Monthly Balance (AMB) is maintained

Corporate Internet Banking Facility

Services Image

Other Benefits

  • Free unlimited Cheque Leaves per annum
  • Free NEFT / RTGS transactions through Branch / Corporate Internet Banking
  • No charges on Cash Withdrawal from any SVC Bank Branch
  • Cash Withdrawal limit of INR 50,000 per day, if withdrawn from non-Base Branch
  • Monthly Cash Deposit Limit*
    • If Average Monthly Balance (AMB) is maintained: Up to INR 10,00,000 or eight times the AMB, whichever is higher
    • If Average Monthly Balance (AMB) is not maintained: Up to INR 1,00,000 or eight times the AMB, whichever is higher
  • Free unlimited DD / PO per month
  • Free Cheque Drop box facility^
  • Any Branch banking enabled

  • Benefits for Society Members
    Online Payment of Society Maintenance, Payment Reminders, Discussion / Poll Forums, Easy access to documents, etc.
  • Benefits for Society Administrators
    One Stop Banking & Management Solution, Billings & Accounting, Meetings and AGMs, Communication & Complaint Management, etc.
To book a free SVC SocietyPRO Package Demo, e-mail us at liabilitiesproductssupport@svcbank.com

Explore SocietyPRO Package 

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 50,000
  • Minimum Average Quarterly Balance (AQB) - INR 50,000
FAQ

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.

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