Society Value Current Account

Current Account for Co-Operative Housing Societies/ Housing Complexes with a complete Housing Society Management Application for managing day to day expenses, collection / payment of maintenance charges and accounting of the society.

Eligibility:

Housing Societies
Commercial Complexes (Premises Society)
Condominium

Interest Rates:

Nil

Minimum Balance:

Account opening deposit & AMB to be maintained at Rs.25,000/-

Features:

Free issue of Payorder/DD.
Free RTGS Outward at the branch.
Free Corporate Internet banking
Free monthly statement of accounts on registered email ID.
Cash handling (Deposit) Charges at home and non-home branch: Free monthly limit - 15 times of previous month's AMB.

Chargeable: Beyond free limit Rs. 3 per Rs. 1000/-(T&C apply).

No Cash handling (Withdrawal) Charges at home and non-home branch. (T&C apply)
Cheque leaves charges: Free.
Account maintance charges (Ledger folio): Free.
Passbook facility Available
QR Sound Box service Available (T & C apply)

Value Added Service:

Saraswat Bank Society Connekt Application
SMS & Email Top up
Payment Gateway Integration
Bank statement View API Integration
Virtual Account Integration
Online Management of society data
Accounting of the society
Monitoring Reports for societies

Service Charges:

Non maintenance of minimum average monthly balance penalty of Rs.500/- plus applicable tax charges will be levied on monthly basis. (proportinate to shortfall).