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Deposit

  • Savings Account
  • Current Account
  • Fixed Deposit Accounts
  • Interest Rates
  • Service Charges
Savings Account
Accounts & Deposits

Savings Account
SVB Savings Accounts with easy and convenience Banking

Who Can Open the Savings Account

 

  • An Individual in his/her Capacity.
  • More than one person jointly.
  • An Illiterate Person
  • A Blind/ Visually Impaired/ Incapacitated Person
  • A Guardian On Behalf Of Minor In The Minor'S Name
  • Charitable / Religious Institutions
  • Trust, Clubs, Association, Ngo
  • Local Bodies, All Types Of Co-Operative Housing
  • Societies And Such Other Bodies Of Identical Nature
  • Staff Member

 

Balance Requirement

Savings  Account  with  Cheque  Book  Rs.500/-
Savings  Account  without  Cheque  Book   Rs.200/

 

Documents Required

 

Identity Proof
  • Passport
  • PAN Card
  • Voter's Identity Card
  • Driving License
  • PAN Card
  • Confirmation from employer (to the satisfaction of the Bank)
  • UIDAI Aadhaar Card.
Address proof
  • Passport
  • Voter's Identity Card
  • Driving License
  • Telephone Bill
  • Electricity Bill
  • Bank account statement (opened subject to KYC compliance)
Recent photograph

Two copies of recent passport size photograph

 

Key Features
  • Free SMS Alert
  • Free Rupay Debit Card
  • RTGS & NEFT Facility
  • Any Where Banking Facility
  • Personalized Cheque Book Facility
Current Account

SVB Bank offers Current Account for Business and Commercial customers. SVB Bank Current Account gives the customer benefit of having the convenience of high monthly transactions at no additional cost. Current Account is backed by Any Branch Banking Services for easy and convenient Banking. Personalized Cheque Book facility is available under this Account.

Who Can Open the Current Account

 

  •  Individual in Single or Joint Capacity
  •  HUF
  •  Proprietary Accounts
  •  Partnership Accounts
  •  Private Limited Company
  •  Public Limited Company
  •  Trust Accounts
  •  Association Accounts
  •  Government / Local Bodies

 

Balance Requirement

Current Account with Cheque Book Rs.1000/-

 

Documents Required

 

Identity Proof
  • Passport
  • PAN Card
  • Voter's Identity Card
  • Driving License
  • PAN Card
  • Confirmation from employer (to the satisfaction of the Bank)
  • UIDAI Aadhaar Card.
Address proof
  • Passport
  • Voter's Identity Card
  • Driving License
  • Telephone Bill
  • Electricity Bill
  • Bank account statement (opened subject to KYC compliance)
  • Business Activity Proof
  • Business Address Proof
Recent photograph

Two copies of recent passport size photograph

 

Additional Documents Required as per Constitution
  1. Proprietorship firm
    • Requirements
      •  Business Activity proof- copy of License issued under shop & establishment Act, any certificate issued by / registration document issued by Sales Tax Authorities/ Service Tax Authorities/ Professional Tax Authorities, audited copies of latest balance sheet and income tax returns, letter from Chartered Accountant for operation of business
      •  Business Address proof of shop/ firm (electricity bill, telephone bill, latest bank account statement, Income tax/ wealth tax assessment order, Maintenance bill of society, registered leave and license agreement or Noterised Leave & License Agreement , etc)
      •  Proprietorship letter
  2. Partnership firm
    • Requirements
      •  PAN of FIRM and all partners with original for verification or declaration of form-60/6
      •  Business Address proof of shop/ firm
      •  Partnership letter
      •  List of partners
      •  Certificate of registration
      •  Registered partnership Deed
  3. Limited companies
    • Requirements
      •  PAN of the company and all directors with original for verification or declaration of form-60/61
      •  Business Address proof of Company
      •  Certificate of Registration
      •  List of all directors
      •  Memorandam & Articles of Association
      •  Resolution with company seal
      •  CIN no. of the company and DIN numbers of all directors
      •  Certificate of business commencement (in case of Public Limited Company)
Key Features
  • Free SMS Alert
  • Free Rupay Debit Card for Individual Accounts
  • RTGS & NEFT Facility
  • Any Where Banking Facility
  • Personalized Cheque Book
Fixed Deposit Accounts
  • Short Term Fixed Deposit Accounts
  • Fixed Deposit with Monthly / Quarterly Interest
  • Cumulative Fixed Deposit
  • Sarvmangal Deposit Scheme ( Recurring Deposit )
  • Short Term Fixed Deposit Accounts
    •  Account can be opened with a minimum of Rs.1000/-
    •  Minimum period is 30 days and can be opened for 364 days.
    •  Interest is paid along with principal amount on maturity.
    •  Loan can be granted up to 85% of the deposit amount against the pledge of Deposit Receipt in case of need.
    •  Convenient for parking the short term surplus from 30 days to 1 year.
    •  To know about our current Interest Rates, please Click here
  • Fixed Deposit with Monthly / Quarterly Interest
    •  Account can be opened with a minimum of Rs.1000/- or any amount fixed by Bank from time to time
    •  Minimum period is one year.
    •  Maximum period is 120 months or any period decided by Bank from time to time.
    •  Interest due will be paid on Monthly / Quarterly basis.
    •  Loan can be granted up to 85% of the deposit amount against the pledge of Deposit Receipt in case of need.
    •  The depositor desires to have interest payment on Monthly / Quarterly , he should notify this instruction in the Account Opening Form while opening the account. The Bank will take note of this and pay the interest amount accordingly.
    •  Convenient scheme to meet the periodical expenses for Sr. Citizens
    •  To know about our current Interest Rates, please Click here
  • Cumulative Fixed Deposit
  • Sarvmangal Deposit Scheme
    •  Period of Scheme is 10 Years
    •  Account can be opened with a minimum of Rs.500/- or any amount in multiple of Rs.500/- fixed by Bank from time to time
    •  Recurring Deposit Amount to be paid monthly before 10th of the Month
    •  Delayed payment of Installment attracts penalty @ Rs.5 per hundred Minimum period is one year.
    •  Maximum period is 120 months or any period decided by Bank from time to time.
    •  Interest due will be compounded on quarterly basis.
    •  Loan can be granted up to 85%of the deposit amount against the pledge of Deposit Receipt in case of need with rate of interest @1 % more than Deposit Rate.
    •  Premature Closure of Account will attract penalty @1% and interest will be paid for the period for which deposit is kept and Interest Rate applicable when deposit was kept.
    •  To know about our current Interest Rates, please Click here
Interest Rates

Interest Rates on Domestic Term Deposits with effect from 1st JUNE 2017

SL.NO Duration Regular Senior Citizen & Current & ex-Bank employee
1 30 Days to 90 Days 5-00 5-00
2 91 Days to 180 Days 6-00 6-00
3 181 Days to 364 days 7-00 7-00
4 1 Year to less than 2 year 8-25 8-50
5 Only for 2 years 8-50 8-75
6 Above 2 years 8-00 8-25
7 Damduppat 105 Month(8%) 96 Month(8-25%)
Service Charges
SL.NO Particulars of Charge Charge Amount
1 Closure of Accounts  
 
  1. Savings Account
Rs.25/- plus Rs.2/- per cheque Leaf for Balance Cheque Leafs
 
  1. Current Account
Rs.100/- plus Rs.2/- per cheque Leaf for Balance Cheque Leafs
 
  1. Premature Closure of Pigmmy Accounts
Rs.25/-
 
  1. Account Transfer to another Branch
Rs.25/-
2 Cheque Book Charges Rs.2/- per Leaf for MICR Cheques Rs.1/- per leaf for NON MICR Cheques
  Loose / Single Cheque Issue Rs.5/- per leaf
4 Cheque Returm Charges for all types of Accounts Rs.50/- Per Instrument
  Cheque Return Charges for EMI Cheques issues(for Finance) Rs.100/- Per Instrument
5 Collection / Payment of Outstation Cheques ( IBC/OBC) Upto Rs.10,000= Rs.10/- plus 1% Per Thousand + Postage + Cheque return Charges
6 Cheques Received for Collection (BRC) Upto Rs.10,000= Rs.10/- plus 1% Per Thousand + Postage + Cheque return Charges
7 Signature Verification Charges Rs.25/- per certificate
8 Cheque / Pay Order Stop Payment Charges Rs.25/- Per Cheque Leaf
9 DD Stop Payment / TT Cancellation Charges Rs.25/- + Postage +Telephone + Other Bank Charges
10 Duplicate Pass Book Rs.25/-
11 Duplicate Statement Rs.10/- per page
12 Duplicate Deposit Certificate / Share Certificate Rs. 25/- Per Receipt
13 Forms Sale  
 
  1. Gold Loan
Rs.10/-
 
  1. Other Loans ( excluding Term Deposit Loans)
Rs.25/-
14 Notice Fees Simple Notice Rs.30/- + RAD Charges Rs.50/- Demand Notice Prior to Arbitration Rs.100/- + Legal Charges + Postage
15 Inspection Fees and Recovery Charges
  • Local Rs.25/- to Rs.50/- + conveyance charges
  • Outstation Rs.100/- + conveyance charges
16 Premature Payment of Loan
  • In case of Gold & Other Loans paid within 15 days from date of availment, minimum interest for 15 days will be charged
  • HYP CC/ Secured CC/ Gold Loan OD if not utilized during the Year, interest will be levied on 25% of the Sanctioned Amount.
17 Custodian Charges

(Overdue of Vehicles)

 
  1. Truck
Rs.100/- Per Day
 
  1. Four Wheeler
Rs.50/- per Day
 
  1. Rikshaw
Rs.25/- Per Day
 
  1. Two-Wheeler
Rs.15/- Per Day
18 Discount Charges for DD and Pay Order Commission Rs.1 per Thousand with minimum of Rs.25 /- ( For One Day) & 18% per annum till the amount is recovered
19 Loan Processing Charges  
 
  1. New/ Additional Loan
  1. For Loan Sanctioned Amount Rs.25,000/- to Rs.1,00,000/- Rs.100/- plus conveyance charges
  2. For Loans Sanctioned Greater Than Rs.1,00,000/-, Rs.200/- + Rs.100 per Lakh subject to Maximum Charges of Rs.5,000/- plus conveyance charges
 
  1. Renewals
  1. For Loan Sanctioned Amount Rs.25,000/- to Rs.1,00,000/- Rs.100/- .
  2. Loans above Rs.1,00,000/- Rs.200/-
20 Vehicle ( RTO) Trade Certificate Fee
  1. Two Wheelers and Three Wheelers Rs.200/- plus Rs.200/- processing fees
  2. All Commercial Vehicles Rs.500/- plus Rs.500/- processing fees
  3. Truck ( HMV) Rs.1000/- plus Rs.500/- processing fees
21 No Due Certificate Rs.10/- to Rs.25/- Per Account
22 Bank Guarantee Charges Minimum Rs..100/- or 1% on Bank Guarantee Amount. Charges in Advance for the Period of Guarantee.
23 Solvency Certificate
  1. Rs.150/- upto Rs. 1,00,000/-
  2. Rs.200/- Above Rs.1,00,000/- or Rs.100 per Lakh with Maximum of Rs.1500/-
24 Renewal of Lapsed Sanction for Loans
  1. For Personal Loans not availed within 3 months from Date of Sanction Rs.100/-
  2. For Business Loans not availed within 3 months from date of Sanction Rs.200/-
25 Gold Loan

 

 
  1. Renewal Charges
Rs.10/- Per Item
 
  1. Insurance Charges
Rs.10/- upto Rs.25,000/- and Rs.25/- for Loans exceeding Rs.25,000/-
 
  1. Gold Valuation Charges
Minimum Rs.10 or Rs.1.50/- Per Thousand
26 Document Verification Charges Rs.5/- Per Copy
27 Non Operating Charges for Savings / Current Account For Accounts where no transactions are made in the Account for period exceeding 3 years, non operating charges will be Rs.30/- for Six months or Rs.60/- Yearly
28 Locker Rent As per Charges given below.
29 Nominal Member Ship Charges Rs.100/-
  Regular A Class Membership Charges Rs.100/-
  Share Transfer Fees Rs.10/- per Share certificate
30 Cheque Deposit Charges Rs.1 per Cheque
31 Record Charges Rs.50/- to Rs.100/- Per Account
32 Re-Conveyance Charges Rs.100/-
33 7/12 Property Record correspondence Rs.25/-
34 Registration of Charge with ROC
  • Rs.500/- for Loans upto Rs.50 Lakhs
  • Rs.1000/- for Loans exceeding Rs.50 Lakhs
35 ROC Charge Satisfaction Rs.200/-
36 Pigmy Deposit Charges  
 
  1. Accounts closed within 6 months
Rs.25/- Plus Commission paid to Agent
 
  1. Accounts Not operated for 6 months and closed prematurely
Rs.25/- Mentainance only 2% Interest on Pigmy Deposit
37 Attending Court Cases against Loan Defaulters Rs.300/- per Court Hearing + conveyance
38 ECS Charges Rs.100/- Per Application of ECS
39 RTGS/NEFT Charges  
  NEFT Rs.50/- Per Transaction up to Rs.1 Lakh
  RTGS Rs.50/- Per Transaction above Rs.1,00,000/-
40 Pay Order Commission  
  Cash
  • Rs.10/- up to Rs.10,000/-
  • Rs.30/- or Rs.1 Per Thousand
  Transfer
  • Rs.10/- Up to Rs.10,000/-
  • Rs.20/- or Rs. .50 Paise Per Thousand from Rs.10,000/- to Rs.50,000/-
  • 0.50 Paise Per Thousand for Rs.50.000/- and above
41 Branch MT/TT/DD  
  Cash
  • Rs.15/- up to Rs.10,000/-
  • Rs.30/- or Rs.2 Per Thousand for up to Rs.50,000/-
  Transfer
  • Rs.10/- Up to Rs.10,000/-
  • Rs.20/- or Rs.1 Per Thousand from Rs.10,000/- to Rs.50,000/-
  • Rs.1 Per Thousand for Rs.50.000/- to Rs.1,00,000/- Lakh.
  • Rs.100/- or .75 Paise Per Thousand for Rs.1,00,000/- to Rs.1,50,000/-
  • Rs.100/- or .50 Per Thousand for Rs.1,50,000/- and above
42 Other Bankers Cheques (HDFC/IDBI)  
  Cash
  • Rs.15/- up to Rs.10,000/-
  • Rs.30/- or Rs.2 Per Thousand for up to Rs.50,000/-
  Transfer
  • Rs.10/- Up to Rs.10,000/-
  • Rs.20/- or Rs.1 Per Thousand from Rs.10,000/- to Rs.50,000/-
  • Rs.1 Per Thousand for Rs.50.000/- to Rs.1,00,000/- Lakh.
  • Rs.100/- or .75 Paise Per Thousand for Rs.1,00,000/- to Rs.1,50,000/-
  • Rs.100/- or .50 Per Thousand for Rs.1,50,000/- and above
43 Other Bank DD  
  Cash
  • Rs.15/- up to Rs.10,000/- + other Bank commission
  • Rs.25/- or Rs.1to Rs.2 Per Thousand for up to Rs.50,000/-
  Transfer
  • Rs.10/- Up to Rs.10,000/- + other Bank commission
  • Rs.15/- or Rs..50 paise to Rs.1 Per Thousand from Rs.10,000/- to Rs.50,000/- + other Bank Commission
  • Rs.50 Paise To Rs.1/- Per Thousand for Rs.50.000/- to Rs.1,00,000/- Lakh + other Bank commission.
  • Rs.50 Paise To Rs.1/- Per Thousand for Rs.50.000/- to Rs.1,00,000/- Lakh + other Bank commission.
  • Rs.50 Paise To Rs.1/- Per Thousand for above Rs1,50.000/- + other Bank commission.