Society Prime 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. With Sweep In/Sweep Out facility, this account can be maintained with an average monthly balance of Rs. 1,00,000/- only.

Eligibility:

Housing Societies
Commercial Complexes (Premises Society)
Condominium

Interest Rates:

Nil

Minimum Balance:

Account opening deposit & AMB to be maintained at Rs.1,00,000/-

Features:

Free issue of Payorder/DD.
No charges for NEFT/ RTGS transactions (branch as well as online)
Sweep-in Sweep-out facility available.
Passbook facility available
QR Sound Box service available (T & C apply)
Free Corporate Internet banking
No Folio charges and standing instruction charges.
Free monthly statement of accounts on registered email ID.
Free Cash handling (Deposit) charges at Home branch & Non-Home Branch.
Cheque leaves Charges: Free.

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. 750/- plus applicable tax charges will be levied on monthly basis ( proportionate to shortfall)