The Savings Account at The Godavari Urban Co-operative Bank offers a wide range of facilities and services at no additional cost to customers. Eligible individuals and approved organizations or agencies may open a Savings Account with the bank.
A Savings Account without a cheque book requires a minimum balance of ₹500/-, while a Savings Account with a cheque book requires a minimum balance of ₹1,000/-.
Withdrawals can be made using cheques or withdrawal slips. Interest is paid half-yearly at 3.5% p.a., as per guidelines issued by the Reserve Bank of India.
A Savings Account can be opened in the name of an individual (singly or jointly) or by minors above the age of 10 years.
- Duly filled Account Opening Form
- Residential Proof (e.g. Electricity Bill, Passport, Voter ID, Driving Licence)
- Photo ID Proof (PAN Card or Aadhaar Card)
- 2 recent passport-sized photographs
- Introduction by an existing account holder of the Bank
Minimum balance requirement:
• Without cheque book: ₹500/-
• With cheque book: ₹1,000/-
- ATM Facility
- Mobile Banking
- Free monthly E-Statement via email
- Cheque Book Facility
- RTGS / NEFT / IMPS Transactions
- Locker Facility
- Franking Services
- SMS Alerts
Internet Banking
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Gold Loan
Gold savings for a secure future