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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:

  1. Housing Societies
  2. Commercial Complexes (Premises Society)
  3. Condominium

Interest Rates:

Nil

Minimum Balance:

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

Features:

  1. Free issue of 5 DD/PO per month upto Rs.50000/- each.
  2. No charges for NEFT/ RTGS online transactions.
  3.  Free Corporate Internet banking
  4. Free monthly statement of accounts on registered email ID.
  5. No Cash handling charges till 500 pieces per day (T&C apply).
  6. 250 cheque leaves free p.a. Thereafter Rs.4/- per leaf.
  7. Ledger folio charges: Minimum Rs.50/- per quarter, otherwise Rs.25/- per folio of 40 entries or part thereof whichever is higher.
  8. Passbook facility Available
  9. QR Sound Box service Available (T & C apply)

Value Added Service:

  1. Saraswat Bank Society Conneckt Application
  2. SMS & Email Top up
  3. Payment Gateway Integration
  4. Bank statement View API Integration
  5. Virtual Account Integration
  6. Online Management of society data
  7. Accounting of the society
  8. Monitoring Reports for societies

Service Charges:

Non maintenance of minimum average quarterly balance penalty of Rs.1200/- plus applicable tax per quarter will be levied

Account Closure:

  1. Within 14 days – No penal charges
  2. Above 14 days up to 6 months - Rs.1000/- and Rs.2/- per unused cheque + GST.
  3. Above 6 months up to 1 year - Rs.500/- and Rs.2/- per unused cheque +GST.

Documents:

Click here to download KYC documents submission requirement.

Terms and Conditions apply