The Daman & Diu State Co-Op Bank Ltd

GST No.: 26AAFAT8608M1ZX

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TYPES OF ACCOUNTS

Savings Account

What is Savings Account?	A Savings Bank Account is designed to encourage individuals to save money for their future financial needs. The account’s main objective is to allow people to save small or large amounts of money periodically. You can open a “Savings Bank Account” with DDSCBL Bank and enjoy a range of services and facilities without any additional charges. Savings Deposit Rate: For end of day balance below Rs.50 Lakhs Deposit Rate: 3.00% Senior citizens will get an additional interest rates of 0.50% P.A.
Eligibility	Saving bank account interest will be calculated on the daily balances maintained in the account. Savings account can be opened in the name of an individual or in the name of two or more individuals. In the case of a Joint account, it can be operated jointly or severally, with either or survivor or former survivor clause. The account can also be opened in the name of a minor, to be operated by the natural guardian. The account can be opened by a club, a society, or an association.
Who can open a Savings Bank Account?	Individual – Single / Joint account. Minor – Operated by a natural guardian/ appointed by the court. Trust, Club, Association Society. Housing Co-operative Society. Charitable Religious Institution.
Features	The account can be opened with Rs.500/- only Free Internet Banking Facility (View Only Mode) Free Mobile Banking Facility (View Only Mode) No Average Quarterly Balance Criteria. Free SMS Free Passbook Facility Nil charges for RTGS, NEFT, IMPS, UPI Extended time for Outward Clearing/Funds Transfer transactions Cheque Book facility Other value-added services are offered such as Enjoy a higher rate of interest on your Savings (Regular) Account i.e. 3.00% p.a. Other services offered at very competitive rates
Required Documents	➤ Identity Proof (Any one of following documents) PAN Card Passport Driving License Voter ID Card Defence / Govt / ID Card ➤ Address Proof (Any one of following documents) Adhaar Card Passport Driving License Voter ID Card Electricity/Telephone/Mobile Bill House Lease Agreement Employer's Letter in case of Pvt. & Public Ltd. Company. ➤ Two Passport Size Photograph of each and joint applicant also
Rate of Interest	Savings Deposit Rate: 2.75%

Current A/c

What is Current Account?	Current Accounts are ideal for all your business transactions. Access your account anytime and make unlimited payments as per account holder profile. Open a “Current Account” with DDSCBL Bank , which comes with an array of services & facilities at no extra cost.
Eligibility	Current Account can be opened in the name of Individuals (except an illiterate, an undischarged solvent and a lunatic), sole proprietorship firm, partnership firms, private and public limited companies, HUFs, local body, club, society, associations, trusts, executors, administrators, liquidators etc.
Who can open a Current Bank Account?	Individual – Single / Joint account. Sole Proprietorship firm Partnership firm & LLP Private/Public Ltd Company Trust, Club, Association & Society Government / Semi-Government Bodies / Department
Features	Account can be opened with Rs.1000/- for Non-individuals Free Internet Banking Facility (View Only Mode) Free Mobile Banking Facility (View Only Mode) No Average Quarterly Balance Criteria. Free SMS Free Passbook Facility Nil charges for RTGS, NEFT, IMPS, UPI Extended time for Outward Clearing/Funds Transfer transactions Cheque Book facility Other value-added services are offered such as Enjoy a higher rate of interest on your Savings (Regular) Account i.e. 3.00% p.a. Other services offered at very competitive rates
Required Documents	➤ Identity Proof (Any one of following documents) Adhaar Card PAN Card Passport Driving License Voter ID Card Defence / Govt / ID Card ➤ Address Proof (Any one of following documents) Utility bills (electricity, telephone, etc.). Adhaar Card Passport Driving License Voter ID Card ➤ Business-Related Documents Certificate of Incorporation (for companies). Memorandum and Articles of Association (for companies). Partnership deed (for partnership firms). LLP agreement (for limited liability partnerships). Registration certificate (for various business types) GST registration certificate (if applicable). Shop and Establishment Act certificate/license. Power of Attorney (if applicable). ➤ Other Documents Photographs Business proof (depending on the type of business). Specimen signatures.

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