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Shamrao Vithal Co-Operative Bank Savings Account

Home Shamrao Vithal Co-operative Bank Shamrao Vithal Co-Operative Bank Savings Account

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City: Gurgaon
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Updated: 28-06-2022 09:11:52 AM

Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information.

Shamrao Vithal Co-Operative Bank was established to help economically weak members of the society and promote the habit of savings. Apart from banking services, the bank has a chain of co-operative stores as well. The bank has a number of welfare programmes and schemes like relief funds and cash credit and also offer the best savings options in the form of savings accounts.

SVC Bank Savings Account Interest Rates

Shamrao Vithal Co-op Bank savings account offers interest rates of 3% p.a. depending on the daily balance and the type of account. Do keep in mind that the rates are subject to change at the sole discretion of the bank. Also, the rate is effective from 1st September 2020.

Different Types of Shamrao Vithal Co-Operative Bank Savings Account

Different Types of Shamrao Vithal Co-Operative Bank Savings Account

The bank offers a number of savings account options to its customers. Look at the following options that can opt for keeping your savings:

Types of Shamrao Vithal Co-Operative Bank Savings Account Primary Features
Basic Savings Bank Deposit Account and Small Savings Account
  • Zero Balance Savings Account
  • SVC Bank ATM Debit Card
Silver Savings Account
  • Initial Deposit Amount – Rs.10,000
  • SVC Debit Card Annual Charges Waived
Gold Savings Account
  • AQB – Rs.50,000
  • Free SVC International Debit Card
Society Savings Account
  • Average Quarterly Balance – Rs.25,000
  • Free Execution – Standing Instructions
Star Savings Account
  • No Minimum Balance Requirement
  • ATM/Debit Card with Limit of Rs. 5000
SVC Minor Savings Account
  • Minimum Balance Requirement – Rs. 500
  • Daily ATM Withdrawal Limit – Rs. 10000
Smart Savings Account
  • Issuance of AV Flash Card
  • No Penalty on Premature Closure
SVC e-Trade
  • Free VISA Debit Card
  • Free Cheque Book of 100 Leaves

1. Basic Savings Bank Deposit Account and Small Savings Account

SVC BSBDA and Small Savings Account Features
Minimum Balance Requirement Zero Balance Savings Account
Interest Rate 4% p.a.
ATM Debit Card SVC Bank ATM Debit Card
Initial Deposit Amount Zero
Eligibility Criteria Indian Residents

2. Silver Savings Account

Silver Savings Account Features
Initial Deposit Amount Rs. 10000
Net Banking, SMS Banking and Mobile Banking Free
ATM Debit Card SVC Debit Card (Annual Charges Waived)
NEFT and RTGS 10 Free Transfers
Eligibility Criteria Customers above the age of 18 years

3. Gold Savings Account

Gold Savings Account Features
Average Quarterly Balance Rs. 50000
Net Banking and SMS Banking Free
ATM Debit Card Free SVC International Debit Card
NEFT and RTGS Free
Eligibility Criteria Elite customers above 18 years

4. Society Savings Account

Society Savings Account Features
Initial Deposit Amount Rs. 25000
NEFT and RTGS Free
Average Quarterly Balance Rs. 25000
Standing Instructions Free Execution
Eligibility Criteria Groups of societies, federations or a single society having at least 50 members are eligible to open this account

5. Star Savings Account

Star Savings Account Features
Initial Deposit Amount Rs. 100
Minimum Balance Requirement Zero Balance Savings Account
ATM Debit Card SVC Visa & RuPay Debit Card
Net Banking and SMS Banking Free
Eligibility Criteria Minor between the age of 10 to 18 years

6. Minor Savings Account

Minor Savings Account Features
Initial Deposit Amount Rs. 500
Minimum Balance Requirement Rs. 500
ATM Debit Card Available
Net Banking and SMS Banking Free
Eligibility Criteria Minor between the age of 0 to 18 years

7. Smart Savings Account

Smart Savings Account Features
Initial Deposit Amount Rs. 10000
AV Flash Card Free
FD Amount Rs. 50000
Maturity Tenure 366 Days
Eligibility Criteria Indian Residents

8. SVC e-Trade

SVC e-Trade Features
Average Quarterly Balance Rs. 5000
SVC Debit Card Free
NEFT and RTGS 5 Free Transfers
Net Banking and SMS Banking Free
Eligibility Criteria Indian Residents above the age of 18 years

Documents Required

Documents Required for a Shamrao Vithal Co-Operative Bank Savings Account
Proof of Identity Documents issued by the Indian Government such as PAN Card, Aadhaar Card, Voter ID, Passport, Driving License, Ration Card, etc.
Proof of Address Aadhaar Card, Utility Bills (Electricity and Telephone Bill), Passport, etc.
Photographs Recent passport size photographs

How to Open a Shamrao Vithal Co-Operative Bank Savings Account?

If you want to open any of the savings accounts from Shamrao Vithal Co-Operative Bank which are listed above, then you can do so by visiting the nearest SVC’s branch.

For any queries, you can also contact SVC Bank using below-mentioned phone banking numbers.

SVC Bank Phone Banking Numbers

SVC Bank provides you with 24X7 customer service, SVC Care. You can call them on their toll-free number: 1800-313-2120

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