Savings Account is a perfect account with a major purpose of saving money with the option of withdrawing it occasionally as per the necessity. Open a Savings account with Samata Co-operative Development Bank Ltd. which comes with an array of services & facilities at no extra cost. Eligible person/s or Organisations can open a Savings Account.

Minimum Amount of Deposit : Rs1000.00 with cheque book facility and Rs 500.00 without cheque book.

  • 1st 15 Cheque Leaves free with account opening.
  • Computerised Pass Book facility.
  • ATM Card Facility with withdrawal Limit up to Rs. 25,000/- per day.
  • SMS banking facility, Transaction Alerts, Missed Call Alert Service for Balance Inquiry.
  • Mobile Banking Facility will be available soon.
  • Nomination facility available as per 'The Cooperative Bank's (Nomination) Rules, 1985. 
  • DICGC Insurance upto Rs 5,00,000/- for all depositors.
 

A Savings Account can be opened by Individuals / Minors / Institutions / Associations / Regd. Co-op. Societies / Trusts / HUFs

  • Individual

  •  Duly filled Account Opening Form with
    • i. Valid address proof (Aadhaar Card, Passport, Driving License, Voter Identity Card)
    • ii. Identity proof (Aadhar Card, Pan Card, Driving License, Passport, Voter Identity Card, NREGA Card)
    • iii. Two photographs
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  • Hindu Undivided Family (HUF)

    Pan in the name of HUF
  • HUF Declaration duly signed by all adult Co-parcerners and naming the Karta, who would be authorised to operate the account
  • Proof of Identification of Karta.
  • Prescribed Joint Hindu FamilyLetter signed by all the adult coparceners
  • Identity of the adult coparceners
 

Accounts of Trusts/ & Foundations

  • Certificate of registration;
  • Trust Deed; and
  • An officially valid document in respect of the person holding a power of attorney to transact on its behalf/Board Resolution.
  • Proof of identity and address of persons like trustees, executors, administrators etc.
 
 
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  • Every Depositor must have to fulfill KYC norms as per RBI directive.
  • The Customer has to give all the valid proof under KYC norms at the time of opening an account as per RBI Guideline.
  • Guardian can open Minor's Savings Account. Birth Proof of Children is required.
  • The customer must have to preserve his/her cheque book & passbook in his custody. The Bank is not responsible for any misuse of cheque book & pass book.
  • Interest on Savings deposit is calculated on daily balances as per RBI directives.
  • The customer without cheque book facility will be given withdrawal form at the time of payment. The withdrawal form will be given to the account holder only and only at the time of payment.
  • The Passbook should be accompanied with the withdrawal form.
  • Stop payment of particular cheque/s facility is available but the customer has to keep sufficient balance to match the cheque amount then only the cheque will be returned with the reason of stop payment and stop payment charges will be levied from the account.
  • The Bank is having all rights of appropriation, set off, lien and change the rules and regulation.