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Savings Deposit
At Sree Narayana Guru Co-operative Bank, we understand the importance of saving for the future, which is why we offer a comprehensive savings account tailored to meet the diverse financial needs of our members. With our savings account, you can enjoy the convenience of easy access to your funds while earning competitive interest rates on your balances.
Whether you’re saving for a rainy day, a major purchase, or long-term financial goals, our savings account provides a secure and flexible way to grow your savings. In addition to competitive interest rates, our savings account offers benefits such as no monthly maintenance fees, extended banking hours, and access to a network of branches for convenient cash withdrawals.
With Sree Narayana Guru Co-operative Bank’s savings account, you can take control of your financial future and achieve your savings goals with confidence. The primary objective of the savings bank account is to facilitate saving, whether in small or large amounts, periodically. Your funds are securely preserved and readily accessible, all while accruing a consistent interest.
Who can open a savings account?
->Individual (Single/Jointly)
->Minor – Operated by gurdian
->Trust, Hindu Undivided Family (HUF)
->Primary Co-operative Society
->Housing Society
->Club & Association (registered)
The interest rate applicable on Savings Deposit is 3% P.A. w.e.f. May 1, 2024.
Requirements to open Savings Account-
Account opening form with two recent passport size photographs.
Aadhar Card
Proof of residence
Birth certificate in case of minor
Introduction by an existing account holder from any branch whose account is at least six months old.
Accounts not in operation for more than 2 years will be treated as inoperative/dormant.
The bank reserves the right to alter, amend, and rescind the rules from time to time.
The minimum balance requirement is Rs. 1,500/-.
Charges at the rate prescribed will be debited to the account on a quarterly basis for non maintenance of the prescribed minimum balance.
Other than individual
Trust- Trust deed, resolution
Society- By-laws, Resolution
HUF- HUF deed
Free cheque book of 25 leaves
A pass book will be supplied to every savings bank account holder, showing his/her account number, name, address, transactions with date, amount, and particulars.
Student Saving Account under Basic Banking Facility Scheme.
Nomination facility are available for all the accounts
Click to download Application form