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Accounts

Category of Account  holder

Description of documents.

Identification

Address

Proprietorship Concern

Following documents pertaining to the proprietor in individual capacity to be obtained.

  1. Photograph
  2. Any one of the following:
    1.  Passport
    2. Income Tax PAN Card
    3. Voter ID Card
    4. Driving License

Any one of the following documents showing name and address.

  1. Any one of the Following.
    1. Latest Telephone Bill
    2. Latest Electricity Bill
    3.  Ration Card
    4. Bank Account/Passbook/statement

In addition to above document of proprietor in individual capacity, ANY TWO of the following documents in the name of the FIRM; showing name, address and business activity should be obtained.

  1. Registration Certificate / License under Shop & Establishment Act.
  2. Income Tax or Sales Tax Number
  3. Registration Certificate under CST/VAT
  4. Registration Certificate /license issued under Sales Tax or Service Tax or Professional Tax Authorities
  5. In case of  Registered Practitioner, Registration Certificate/License issued by Institute of Chartered Accountant, Institute of cost & Works Accountant of India, Institute of Company Secretaries, Indian Medical Council or Food and Drug Control Authority of Indian etc.
  6. Any registration/licensing document  issued in the name of the proprietary concern by the central government, State Governments authorities/department
  7. Importer-Exporter Code issued to the proprietory  concern by the office of DGFT
  8. SME registration certificate, Allotment letter of GIDC.   

Category of Account  holder

Description of documents.

Identification

Address

Partnership Firm

  1. Partnership Deed
  2. Registration Certificate in case of Registered Firm
  3. Income Tax PAN Card
  4. Telephone & /or Electricity Bill
  5. Power of Attorney granted to a partner of an employee of the firm to transact on its behalf.

Document from all partners and Power of Attorney Holder if any:

  1. Photograph
  2. Any one of the following:
    1.  Passport
    2. Income Tax PAN Card
    3. Voter ID Card
    4. Driving License

Document from all partners and Power of Attorney Holder if any:

  1. Any one of the following
    1. Latest Telephone Bill
    2. Latest Electricity Bill
    3.  Ration Card
    4. Bank Account/Passbook/statement
    5. Letter from any recognized public   

       authority

Category of Account  holder

Description of documents.

Identification

Address

Limited Company

  1. Certificate of Incorporation and Memorandum and Articles of Association
  2. Resolution of Board of Directors to open an account and identification of those who have authority to operate the account.
  3. Power of Attorney granted to its managers, officers or employee to transact business on behalf of company
  4. Income Tax PAN Card
  5. Telephone Bill &/or Electricity Bill

Document from all Directors  and Power of Attorney Holder if any:

  1. Photograph
  2. Any one of the following:
    1.  Passport
    2. Income Tax PAN Card
    3. Voter ID Card
    4. Driving License

Document from all Directors and Power of Attorney Holder if any:

  1. Any one of the following
    1. Latest Telephone Bill
    2. Latest Electricity Bill
    3.  Ration Card
    4. Bank Account/Passbook/statement
    5. Letter from any recognized public   

       authority

Trust

  1. Registration Certificate ( if registered).
  2. Copy of Trust Deed.
  3. Resolution of Trustees to open an account and identification of those who have authority to operate the account. 
  4. Power of Attorney granted to its managers, or employee to operate the account
  5. Income Tax PAN Card
  6. Telephone Bill &/or Electricity Bill

Document from all Trustees  and Power of Attorney Holder if any:

  1. Photograph
  2. Any one of the following:
    1.   Passport
    2.   Income Tax PAN Card
    3.   Voter ID Card
    4.   Driving License

Document from all Trustees and Power of Attorney Holder if any:

  1. Any one of the following
    1. Latest Telephone Bill
    2. Latest Electricity Bill
    3.  Ration Card
    4. Bank Account/Passbook/statement
    5. Letter from any recognized public   

       authority

Registered Association/
Society

  1. Registration Certificate.
  2. Copy of Bye-Laws.
  3. Resolution of Association/Society to open an account and identification of those who have authority to operate the account. 
  4. Power of Attorney granted to its managers, or employee to operate the account
  5. Income Tax PAN Card
  6. Telephone Bill &/or Electricity Bill

Document from all Trustees  and Power of Attorney Holder if any:

  1. Photograph
  2. Any one of the following:
    1.   Passport
    2.   Income Tax PAN Card
    3.   Voter ID Card
    4.   Driving License

Document from all Trustees and Power of Attorney Holder if any:
1.    Any one of the following

    1. Latest Telephone Bill
    2. Latest Electricity Bill
    3.  Ration Card
    4. Bank Account/Passbook/statement
    5. Letter from any recognized public authority

Category of Account  holder

Description of documents.

Identification

Address

Individual

  1. Photograph
  2. Any one of the following:
    1. Passport
    2. Income Tax PAN Card
    3. Voter ID Card
    4. Driving License
    5. Letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of bank.

Any one of the following documents showing name and address.

  1. Any one of the following:
    1. Latest Telephone Bill
    2. Latest Electricity Bill
    3. Ration Card
    4. Bank Account/Passbook/statement
    5. Letter from any recognized public authority
    6. Letter from employer i.e. Corporate of Company having account with us and subject to satisfaction of bank.

Hindu Undivided Family (H.U.F.)

H.U.F. Letter or H.U.F. deed and

Document from all major co-parcerners and Karta of the HUF

  1. Photograph
  2. Any one of the following:
    1.  Passport
    2. Income Tax PAN Card
    3. Voter ID Card
    4. Driving License

Document from all major co-parcerners and Karta of the HUF:

  1. Any one of the following
    1. Latest Telephone Bill
    2. Latest Electricity Bill
    3. Ration Card
    4. Bank Account/Passbook/statement
    5. Letter from any recognized public authority

Current Rate Of Interest :

  • 12 Months         7.00%
  • 24 Months         7.00%
  • 36 Months         7.00%

Significant Features:

  • Any Individual Can Open Recurring Deposit Account.
  • Maximum 3 Names Are Allowed In Joint Account.
  • Minimum Amount of Monthly Installment is Rs. 100/-.
  • Institute / Co-Soc./Mandli / Trust Can Open Recurring Account.
  • Recurring Deposit is Accepted For Minors too.
  • Current Rate Of Interest is Subject to Change.
  • Nomination facility is Available.
  • Payment exceed by Rs. 20000 at the time of maturity will be paid to A/c  Pay Order Only.
  • Select Maturity Period & Pay Installment Regularly.
  • Get Handsome Amount with Compounded Interest is paid on Maturity.
  • Irregularity in the deposition of installment attracts penalty.
  • Deposit installment on any day of the month.
  • No TDS - Irrespective of any amount.


Requisites For Opening Of Account.

  • Duly filled Account Opening form.
  • Zerox of PAN Card / Duly filled Form 60.
  • 1 Photograph of Each Signatories.
  • Any of following document.
  • Rationing Card / Passport.
  • Electricity Bill / Telephone Bill / House Tax Bill Etc.
  • valid document issued and permitted by govt.

Introduction :

  • Account Holder Are Required To Introduce themselves by One of the following :
  • Existing Account Holder.
  • Staff Member.
  • Share Holder Member of The Bank.

Deposit Interest Rate :

Sr.

Particular

Regular

Sr.Citizen

1

15 days To 45 days(Min 1 lakh)

4.00 

-

2

46 days To 90 days

4.50

-

3

91 days To 180 days

5.00

-

4

181 days To 1 year

6.00

-

5

1  year to 2 year

7.00

7.50

6

2 years to 3 years

7.00

7.50

6

3 years and above

7.00

7.50