Thodupuzha Urban Co-Operative Bank

Saving accounts as the very name suggests, are intended for saving for the future. This is the most common type of account which caters to the needs of vast section of people in the society. These accounts promote the saving habit of people and is a form of demand deposit account. It allows one to deposit his cash in the bank even in small amounts and withdraw his money whenever he wants. Safety is one of the attractive benefits. Thodupuzha Urban Co-operative Bank services its clients with a user-friendly banking experience all under a single roof.

• We offer 4% interest on saving bank deposit as per RBI’s Directive
• Customers has to maintain minimum balance of Rs. 500/- for cheque facility.
• We also open zero balance saving account with certain conditions / limited transactions
• We offer nomination facility.
• Customers can open single / joint account and that account can jointly operate as per instruc- tion like Anyone, Jointly, Either or Survivor etc.
• Customers can open saving a/c for his / her minor children.
• We offer computerised pass book to our customers.
• If the account is deemed to be irregular or unsatisfactory or if the account cheques are re- turned frequently due to lack of funds, the bank might close the account
• We are member of Deposit Insurance and Credit Guarantee Scheme in which customers de- posits are insured up to Rs. 1.5 Lac.

Rules & Regulation for Savings Bank Account

• Every Depositor must have to fulfill KYC norms as per RBI directive.
• The Customer has to give all the valid proof under KYC norms at the time of opening an ac- count as per RBI Guideline.
• Guardian can open Minor’s Savings Account. Date of Birth Proof of Children is required.
• The Bank’s management has the right to close the account after notice if account holder do not keep sufficient balance to clear inward cheque or ECS.
• The customer must have to preserve his/her cheque book & passbook in his custody. The Bank is not responsible for any misuse of cheque book & pass book.
• Interest on Savings deposit is calculated on daily balances as per RBI’s directives.
• The customer without cheque book facility will be given withdrawal form at the time of pay- ment. The withdrawal form will be given to the account holder only at the time of payment.
• The Passbook should be accompanied with the withdrawal form.
• Stop payment of particular cheque/s facility is available but the customer has to keep suffi - cient balance to match the cheque amount then only the cheque will be returned with the reason of stop payment and stop payment charges will be levied from the account.
• The Bank has all rights of appropriation, set off, lien and change the rules and regulation.

Requirements to open Savings Bank Account

• Valid Photo I.D. (Any one of proof (Photo I D))
  • Passport
  • Driving License
  • Voter ID Card
  • Government Approved College/university I.Card
  • Government/Semi government/Department I. Card
  • Aadhar Card
• Address Proof (Any One)
  • Electricity Bill (not more than 2 months old)
  • BSNL Landline Telephone Bill (not more than 2 months old)
  • Municipal Tax Bill
  • Gas Bill
  • Latest LIC Premium receipt
• Other proof acceptable by Bank.
  • Passport Size Photograph – 2 Copies
  • Pan Card
  • Birth Certificate for minor account
  • Introduction from Existing account Holder.