SBCHS : Saving Account For Co-Operative Housing Society

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SBCHS : SB Account for Co-operative housing society

1.Benefits :

Remittances: Unlimited Free
Payment & Collection Services
Ease of banking: Free Door-step banking.
Cash handling: Dynamic free cash deposit limits

2.Features

Parameter	Feature
Quarterly Average Balance (QAB)	Rs. 1,00,000/-
Doorstep banking	1 Free/Month (At selected locations)
CHARGES
RTGS, NEFT, IMPS charges	Unlimited Free
Ledger Folio Charges	Unlimited Free
SMS charge	Unlimited Free
QR Codes	Available (Free of Cost)
Cash deposit/collection charges	NIL charges for Cash deposit up to 10 times (in a month) of previous QAB maintained at Base/non-base branch.
Cheque Book Charge	200 leaves per year FREE
DD commission	5 DDs free/ month,
Charges on Non-maintenance of QAB	5% of the difference of stipulated QAB and actual QAB maintained in previous quarter subject to maximum of R. 2000/-.
Payment and Collection Services	Uni eCollect, Uni e-NACH, Uni Fee Collection facilities of our CAPS & other customizable solutions
Salary payment solution for staff members & Credit Cards	Available

3.Eligibility : All registered Co-op Housing Societies (CHS)/RWA/AOA ) (who are eligible to open savings accounts)

4.Document Required :

As applicable to KYC AML guidelines pertaining to Societies /Body of persons
The KYC of the Authorised signatories/Key managerial persons of Societies/RWA/AOA is also required

5.FAQ

Who are eligible to open SBCHS Accounts?

Ans- All Registered Co-operative Housing Societies, Resident Welfare Associations, Apartment owners Association who are eligible to open Savings Accounts can open SBCHS Accounts.

Exclusions: State Housing Boards / Water and Sewerage / Drainage Boards & State / District Level Housing Cooperative Societies & Associations who are not eligible to maintain Savings Accounts.