Saving Account and Current Account


Saving Account


Info

Saving Account at The VMUCB Bank comes with banquette of facilities & services at no extra charge to the Customers. Eligible person's and eligible organizations or agencies as approved can open a Saving Account with the Bank.

Saving Account can be opened with Rs. 1,000/- Average Monthly Balance.


Benefits

  • Average Monthly Balance to be maintained is Rs. 1,000/
  • 50 Cheque Leaves in a Year
  • Average Monthly Balance to be maintained is Rs. 1,000/
  • ATM Card Facility with withdrawal Limit upto Rs. 35,000/ depending on Card type/
  • Any Branch Banking Facility through out all Branches of the Bank for operations in Saving / Term Deposit Accounts/
  • SMS banking facility for Balance Inquiry, Statement Details, Transaction Alerts
  • Statement of Account at monthly intervals by e-mail
  • Mobile banking facility available

Eligibility

  • Should be Resident of India Solely or Jointly
  • Age - 10years or above

Document Required

  • Duly filled Account Opening Form with:
    • Valid address proof
    • Identity proof
    • One photograph
    • Introduction by existing account holders of the Bank

Policy documents covers the following aspects

  • Collection of cheques and other instruments payable locally/outstation.
  • The Bank’s commitment regarding time norms for collection of cheques/instruments.
  • Guidelines on payment of interest in cases where the Bank fails to meet time norms for realization of proceeds of outstation cheques/instruments.
  • The Bank’s policy on dealing with collection cheques/instrument lost in transit.

Current Account


Info

Current Accounts can be opened by Proprietorship / Partnership Firms / Public or Private companies requiring to do multiple or numerous business transactions. The customer can deposit or withdraw the amount as many times required.

Current Account can be opened with minimum Rs. 2,000/-

  • Minimum Balance to be maintained is Rs. 2,000/- in the account.
  • Cash withdrawal facility through out all Branches of the Bank for operations in Current Accounts
  • Any Branch Banking Facility through out all Branches of the Bank for operations in Current Accounts
  • SMS Alert facility for Balance, Statement Details, Transaction Alerts

Benefits


Eligibility

  • Current Account can be opened by
    • Proprietorship
    • Partnership Firms
    • Public or Private companies to be operated by Authorized Signatories.

Document Required

  • Duly filled Account Opening Form with:
    • Valid address proof
    • Identity proof
    • Registration Certificate
    • Partnership Deed
    • Memorandum of Association

Policy documents covers the following aspects

  • Collection of cheques and other instruments payable locally/outstation.
  • The Bank’s commitment regarding time norms for collection of cheques/instruments.
  • Guidelines on payment of interest in cases where the Bank fails to meet time norms for realization of proceeds of outstation cheques/instruments.
  • The Bank’s policy on dealing with collection cheques/instrument lost in transit.