Society Advantage Account

Society Advantage Account

Banking that makes every aspect of Society Management simpler!

A specialized banking solution designed to meet the unique financial and operational needs of Housing Societies

150 Cheque Leaves per annum

Free NEFT/ RTGS

Unlimited daily cash withdrawal at base branch

5 Free DD/PO per month, any amount

Other Benefits

Other Benefits

  • Cash Withdrawal limit of INR 50,000 at other SVC Bank Branches
  • Cash Deposit limit of INR 8,00,000 at SVC Bank branch, per month, or 8 times the Average Monthly Balance (AMB), whichever is higher, if AMB is maintained
  • Cash Deposit limit of INR 1,00,000 at SVC Bank branch, per month, if AMB is not maintained
  • Free SMS Alerts and E-mail Account Statements
  • Auto Sweep-in Sweep-out Facility (On request only)
  • Any Branch banking enabled

Eligibility
  1. Residential Housing Societies
  2. Minimum Average Quarterly Balance (AQB) – INR 25,000
Documents required 
  1. Account Opening Form
  2. KYC Documents –As per Bank’s KYC guidelines
  3. Product Declaration

FAQ

Current Society Advantage Account holder needs to maintain an AQB (Average Quarterly Balance) of INR 25,000

Charge of INR 750 is applicable per quarter, if AQB is not maintained

A Current Society Advantage Account holder is entitled to receive 150 cheque leaves free per annum and 5 DD/PO free per month

Monthly cash deposit limit of INR 8,00,000 or 8 times the Average Monthly Balance (AMB) maintained, whichever is higher

No Charges for NEFT/RTGS transactions through Branch Banking as well as Internet Banking

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