The Surat People’s Co-Operative Bank Ltd.
Toll Free Number
1800 233 7722

Savings A/c

The "Saving Account" is generally opened in bank by salaried persons or by the persons who have a fixed regular income. This facility is also given to students, senior citizens, pensioners and so on.

Saving accounts are opened to encourage the people to save money and collect their savings

 NAME OF SCHEME SPB GENERAL SAVING BANK ACCOUNT
 TYPE OF DEPOSIT  GENERAL SAVINGS BANK ACCOUNT 
 MINIMUM BAL IN A/C  Rs. 250/-without cheque book facility        
Rs. 500/-  with cheque book facility        
Demat linked savings account minimum deposit account is Rs. 2000/-
 KYC COMPLIANCE IN FULL       
BASIC FEATURES/FACILITIES NOMINATION FACILITY (INDIVIDUALS ONLY)
40 CHEQUES FREE  PER YEAR
FREE ATM CARD IN FIRST YEAR
FREE CASH DEPOSIT AT ANY BRANCH OF BANK
FREE SMS ALERTS
NAME OF SCHEME SPB JUNIOR SAVING BANK ACCOUNT
TYPE OF DEPOSIT SAVINGS BANK ACCOUNT
MIN REQUIREMENT MIN. BAL Rs.250/-
MINIMUM BAL IN A/C  
KYC COMPLIANCE IN FULL
  NOMINATION FACILITY (INDIVIDUALS ONLY)    
  OPERATION IN THE ACCOUNT ALLOWED ALONGWITH GUARDIAN
  CEILING OF DEP/WITHDRAWAL OF Rs. 5000/- PER DAY
  & BAL NOT ABOVE Rs.1.00 LAC IN A/C      
  NO CHARGES IF AVERAGE QUARTERLY BAL. IS ABOVE Rs.20000/-
  CONVERSION OF MINOR A/C TO MAJOR ON ATTAINING MAJORITY
  IF THE A/C IS OPERATED FOR 5 YEARS & ABOVE, PRIORITY FOR
  LOAN FACILITY FOR EDUCATION LOAN/MARRIAGE PURPOSE LOAN
   @ 50% REBATE IN LOAN PROCESSING CHARGES  
NAME OF NEW SCHEME SPB PREMIUM SAVING BANK ACCOUNT SCHEME
TYPE OF DEPOSIT SAVINGS BANK ACCOUNT
MIN REQUIREMENT AVERAGE QRTLY BAL Rs.50,000
MINIMUM BAL IN A/C Rs.2500/-
KYC COMPLIANCE IN FULL
   NOMINATION FACILITY (INDIVIDUALS ONLY)
   FREE PERSONALISED 3 CHEQUE BOOKS PER YEAR
   UNLIMITED WITHDRAWAL PER QUARTER
   FREE STANDING INSTRUCTION FACILITY
   FREE ATM CARD WITH ADD ON CARD IN FIRST YEAR
   FREE CASH DEPOSIT AT ANY BRANCH OF BANK
 BASIC FEATURES/FACILITIES  WAIVER OF BAL CERT/FOLIO CHARGES
   WAIVER OF DD/PO ISSUE CHARGES
   WAIVER OF REMITANCES/NEFT/RTGS CHARGES
   FREE SMS ALERTS
  PENALTY OF Rs.500/- FOR DEFAULT IN AVERAGE QUATERLY
  BALANCE
  PENALTY OF Rs 500/- FOR CLOSURE OF A/C WITHIN ONE YEAR

Urban Co-operative Banks are advised to offer a ‘Basic Savings Bank Deposit Account’, which will offer following minimum common facilities to all their customers, by RBI

  • The ‘Basic Savings Bank Deposit Account’ should be considered a normal banking service available to all.
  • This account shall not have the requirement of any minimum balance.
  • The services available in the account will include deposit and withdrawal of cash at bank branch as well as ATMs receipt/credit of money through electronic payment channels or by  means of deposit/collection of cheques drawn by Central/State Government agencies and departments ;
  • While there will be no limit on the number of deposits that can be made in a month, account holders will be allowed a maximum of four withdrawals in a month, including ATM withdrawals; and
  • Facility of ATM card or ATM-cum-Debit Card;

The above facilities will be provided without any charges. Further, no charge will be levied for non-operation/activation of in-operative ‘Basic Savings Bank Deposit Account’.

Download PDF file for Basic Saving Deposit Scheme

NAME OF NEW SCHEME SPB Super Saving Bank Account Scheme
TYPE OF DEPOSIT SAVINGS BANK ACCOUNT
MIN REQUIREMENT MAINTAIN DAILY BAL Rs. 25,00,000/- OR MORE
MINIMUM BAL IN A/C Rs.25,00,000/-(Rs. TWENTY FIVE LACS OR MORE) FOR ENTITIEMENT OF 7% INTEREST
KYC COMPLIANCE IN FULL
BASIC FEATURES  RATE OF INTEREST @ 7% PA
   NOMINATION FACILITY (INDIVIDUALS ONLY)
   FREE PERSONALISED CHEQUE BOOKS,CASH DEPOSIT AT ANY BRANCH, SMS ALERTS
   WAIVER OF BAL CERT/FOLIO CHARGES,NEFT/RTGS,DD/PO CHARGES
   SB INTEREST WILL BE PAID ON DAILY PRODUCTS SUBJECT TO MAINTAINANCE OF MINIMUM BALANCE AS PER THIS SCHEME
   IF DAILY BAL GOES BELOW rS. 25.00 LACS ON ANY DAY IN A YEAR,RATE OF INTEREST APPLICABLE WILL BE 4% PA ON THAT DAY/S
   SCHEME WILL BE SUBJECT TO RBI GUIDELINES ANS BANK'S RULES AND REGULATIONS
   ALL OTHER TERMS AND CONDITIONS APPLICABLE FOR SAVINGS BANK ACCOUNTS AS PER BANK POLICIES