1.Opening of Account

An application to open an account should be made in the prescribed form supplied by the Bank and the account shall be opened subject to ‘policy on bank deposits’ as notified in the bank’s web-site. The account to be opened should be properly introduced. S.B Accounts can be opened by:

1. a person on his/her behalf
2. two persons or more to be operated by or payable to any one or more of them or survivor/survivors
3. a minor, represented by a guardian, by declaring the date of birth of the minor
4. a minor, on his own behalf, if he is literate and above 14 years, for reasonable amounts but without cheque book facility on production of satisfactory proof of date of birth
5. A person may open an account in his/her own name, but may not open more than one such account. The person desiring to open an account shall furnish two passport size photographs and Permanent Account Number or General Index Number as per the guidelines issued by the Income Tax Authority or in lieu of which a declaration in the prescribed form shall be given. (As per KYC Norms)
6. Nomination facility will be available under section 45ZA read with section 56 of the Banking Regulations Act 1949 and rule 2(1)of the co-operative Banks (Nominations) Rules 1985.
7. Registered Clubs, Associations, Charitable and Religious Institutions – rules, bye-laws and all necessary information regarding such organisations should invariably accompany the account opening forms. But interest eligibility to such accounts is subject to Reserve Bank of India directives;
8. Savings Bank Accounts in the name of the following agencies may be allowed to be opened to earn interest thereon.
   1. Primary Co-operative Credit Societies financed by the Bank
   2. Agricultural Produce Marketing Committee (APMC)
   3. Govt. Department/ Bodies/ Agencies in respect of grants/ subsidies released for implementation for various programmes/Schemes sponsored by central Govt./State Govt. subject to production of authorization from respective central or State Govt. Departments to open Saving Banks Accounts.
   4. Development of Women & Children in rural areas (DWCRA)
   5. Self Help Groups (SHGs) registered or un registered which are engaged in promoting Saving habits among their members.
   6. Formers clubs-Vikas volunteer vahini-VVV.
   7. Khadi and Village Industries Boards (KVIB)
   8. Societies registered under Societies Registration Act 1860 or any other corresponding law in force in a state or union territory.
   9. Nagara Panchayats, Nagara Palikes or Municipal bodies who have been given subsidy under Nehru Rojgar Y ojana to various Schemes of Urban Micro – Entrepreneurs (SUME)