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Call us at 02772-240464, 240498
E-mail: sabarbank@rediffmail.com

Deposit

Deposits

Current Account

What is Current Account ?

  • Current Account is primarily meant for businessmen, firms, companies, public enterprises etc. that have numerous daily banking transactions.
  • In a Current Account, a customer can deposit any amount for any number of times. He can also withdraw any amount as many times as customer wants, subject to availability of fund in the account.
  • Current Accounts are meant neither for the purpose of earning interest nor for the purpose of Savings but only for convenience of the business.


Why Current Account with Us ?

  • The Current Accounts with Sabarkantha District Central Cooperative Bank Limited promises you a unique banking experience through innovative features and best services. It provides you with a host of benefits to take care of all your banking needs. Opening a current account with us is easy and speedy.


Who Can Open Current Account?

  • Sole Proprietorship Concerns
  • Partnership Concerns
  • Hindu Undivided Family
  • Limited Companies
  • Clubs, Societies
  • Trusts, Executors and Administrators
  • Others – Govt. and semi Govt. bodies, local authorities etc


Documents required for opening Current Account

  • Photographs of all concerned
  • Photo I/D proof
  • Residence proof
  • Introduction
  • Account Opening Form
  • Account Opening & Authority to operate upon the Account of a co. op. society resolution of authorized person to operate upon the A/C on behalf of co. op. societies.
  • Partnership concern, Partnership deed in case of partnership A/C

Saving Account

What is Saving Account ?

A safe and easy way to save your money is with a bank savings account. A bank savings account allows you to deposit money (add money to your account) or withdraw money (remove money from your account) at any time. In return for keeping your money at the bank, the bank pays you money, also known as interest.

Interest will be earned on the money you have on deposit at the bank. Since you may deposit or withdraw money each day, the bank will calculate how much money you should receive in interest. You will also receive a periodic statement from the bank listing your deposits, withdrawals, interest, and account balances. Passbook is also given to the depositors.

Why Saving Account with Us ?

The Savings Accounts from The Sabarkantha District Central Cooperative Bank Limited. promises you a unique banking experience through innovative features and very good services. It provides you with a host of benefits to take care of all your banking needs. Opening a saving account with us is easy and speedy. 4.0 % of interest is being given to the depositors.

Required Documents

  • Identity Proof (Any one of following documents)
    • Passport
    • Driving License
    • PAN Card
    • Voter ID Card
    • Defence / Govt / ID Card

  • Address Proof (Any one of following documents)
    • Passport
    • Ration Card
    • Voter ID Card
    • Electricity/Telephone/Mobile Bill
    • Life Insurance Policy /Premium Receipts
    • House Lease Agreement
    • Employer's Letter in case of Pvt. & Public Ltd. Company.

  • Passport Size Photograph of each joint applicant


Application Form for Saving Account


Fixed Deposit

What is Fixed Deposit ?

A fixed deposit is meant for those investors who want to deposit a lump sum of money for a fixed period; say for a minimum period of 15 days to ten years, thereby earning a higher rate of interest in return. Investor gets a lump sum (principal + interest) at the maturity of the deposit.

Bank's fixed deposit scheme is one of the most common savings scheme for an average investor. Fixed deposit also gives a higher rate of interest than a savings bank account. Some of the facilities offered by bank on fixed deposit are overdraft (loan) facility on the amount deposited, premature withdrawal before maturity period (which involves a loss of interest) etc. Bank deposits are fairly safer because banks are subject to under control of the Reserve Bank of India.

Why Fixed Deposit with Us ?

Bank deposits are the safest investment after Post office savings because all bank deposits are insured under the Deposit Insurance & Credit Guarantee Scheme of India. It is possible to get a loans up to75- 90% of the deposit amount from banks against fixed deposit receipts. The interest charged will be 1% more than the rate of interest earned by the depositers. The 1995 Finance Bill Proposals introduced tax deduction at source (TDS) on fixed deposits on interest incomes of Rs.5000/- and above per annum. We give best interest rate on fixed deposit as under.

INTEREST RATE FOR FIXED DEPOSIT

Click Here to view interest rate based on investment period.
  • Identity Proof (Any one of following documents)
    • Passport
    • Driving License
    • PAN Card
    • Voter ID Card
    • Defence / Govt / ID Card

  • Address Proof (Any one of following documents)
    • Passport
    • Ration Card
    • Voter ID Card
    • Electricity/Telephone/Mobile Bill
    • Life Insurance Policy /Premium Receipts
    • House Lease Agreement
    • Employer's Letter in case of Pvt. & Public Ltd. Company.

  • Passport Size Photograph

  • Specimen Card


Application Forms for Fixed Deposit

  • V.No.176 Ho&Br
  • Account Opening Form

Recurring Deposit

What is Recurring Deposit?

Recurring Deposit scheme is meant for investors who want to deposit a fixed amount every month, in order to get a lump sum after one to five years. The scheme, a systematic way for long term savings, is one of the best investment option for the low income groups.

Why Recurring Deposit with Us ?

The minimum investment in our bank Recurring Deposit Account is Rs 100/- and then in multiples of Rs. 100/-. The upper limit for investment is Rs. 1000/-. Anyone can open this account in their personal name. Two or more individuals can open combine account. The bank will provide passbook to depositor and depositor have to take passbook when they come for deposit monthly installment or close account. The bank don't take any commission on monthly installment deposit from depositor.

TABLE FOR Rs.100 MONTHLY INSTALLMENT

INVESTMENT PERIOD FINAL AMOUNT
For 12 Months Rs:-
For 24 Months Rs:-
For 36 Months Rs:-
For 48 Months Rs:-
For 60 Months Rs:-
TABLE FOR MUTUAL AMOUNT FOR RECURRING DEPOSIT (CUMULATIVE SCHEME) - Rs. 100/-

INVESTMENT PERIOD FINAL AMOUNT
12 Months Rs:-
24 Months Rs:-
36 Months Rs:-
48 Months Rs:-
60 Months Rs:-
120 Months Rs:-
Required Documents

  • Identity Proof (Any one of following documents)
    • Passport
    • Driving License
    • PAN Card
    • Voter ID Card
    • Defence / Govt / ID Card

  • Address Proof (Any one of following documents)
    • Passport
    • Ration Card
    • Voter ID Card
    • Electricity/Telephone/Mobile Bill
    • Life Insurance Policy /Premium Receipts
    • House Lease Agreement
    • Employer's Letter in case of Pvt. & Public Ltd. Company.

  • Passport Size Photograph

  • Specimen Card


Application Forms for Cumulative Deposit

  • Account Opening Form

Fixed Recurring Deposit

What is Recurring Deposit?

Recurring Deposit scheme is meant for investors who want to deposit a fixed amount every month, in order to get a lump sum after one to five years. The scheme, a systematic way for long term savings, is one of the best investment option for the low income groups.

Why Recurring Deposit with Us ?

The minimum investment in our bank Recurring Deposit Account is Rs 100/- and then in multiples of Rs. 100/-. The upper limit for investment is Rs. 1000/-. Anyone can open this account in their personal name. Two or more individuals can open combine account. The bank will provide passbook to depositor and depositor have to take passbook when they come for deposit monthly installment or close account. The bank don't take any commission on monthly installment deposit from depositor.

TABLE FOR Rs.100 MONTHLY INSTALLMENT

INVESTMENT PERIOD FINAL AMOUNT
For 12 Months Rs:-
For 24 Months Rs:-
For 36 Months Rs:-
For 48 Months Rs:-
For 60 Months Rs:-
TABLE FOR MUTUAL AMOUNT FOR RECURRING DEPOSIT (CUMULATIVE SCHEME) - Rs. 100/-

INVESTMENT PERIOD FINAL AMOUNT
12 Months Rs:-
24 Months Rs:-
36 Months Rs:-
48 Months Rs:-
60 Months Rs:-
120 Months Rs:-
Required Documents

  • Identity Proof (Any one of following documents)
    • Passport
    • Driving License
    • PAN Card
    • Voter ID Card
    • Defence / Govt / ID Card

  • Address Proof (Any one of following documents)
    • Passport
    • Ration Card
    • Voter ID Card
    • Electricity/Telephone/Mobile Bill
    • Life Insurance Policy /Premium Receipts
    • House Lease Agreement
    • Employer's Letter in case of Pvt. & Public Ltd. Company.

  • Passport Size Photograph

  • Specimen Card


Application Forms for Cumulative Deposit

  • Account Opening Form