×
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 quarterly balance of Rs. 100000/- only.

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.1,00,000/-

Features:

  1. Free issue of DD/ PO without any upper limit on all locations of Saraswat bank.
  2. No charges for NEFT/ RTGS transactions (branch as well as online)
  3. Sweep-in Sweep-out facility available.
  4. Passbook facility available
  5. QR Sound Box service available (T & C apply)
  6. Free Corporate Internet banking
  7. No Folio charges and standing instruction charges.
  8. Free monthly statement of accounts on registered email ID.
  9. No Cash handling charges till 1500 pieces per day (T&C apply)
  10. 300 cheque leaves free every financial year.Rs.4 per leaf thereafter (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.2500/- 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.2000/- and Rs.2/- per unused cheque + GST.
  3. Above 6 months up to 1 year - Rs.1000/- and Rs.2/- per unused cheque +GST

Documents:

Click here to download KYC documents submission requirement.

Terms and Conditions apply