News & Announcement

The Saurashtra Co-Operative Bank Ltd.
The Saurashtra Co. Op. Bank Ltd. established on 8-11-1982 in the prominent area of Bapunagar Ahmedabad, Gujarat state. The Bank Commenced its banking operation on 8-5-1983 with Bapunagar Branch, Ahmedabad there after Branch expansion accelerated and Presently bank is offering Banking Services with its Three Branches and Head office in the city of Ahmedabad. All branches and Head office are air conditioned premises with the connectivity of core banking solutions.(CBS)
Financial Year : 31-03-2025
Deposits
This is a premier service of the Bank for most of the small investors. It is the most popular service in which attractive interest rates are given to investors. Along with that the benefits of cheque book also provided to the investors.
- Minimum Deposit of Rs.500/- (without cheque book facility)
- Minimum Deposit of Rs.2000/- (With cheque book facility)
- We offer nomination facility
- 4 % interest on deposit
- Customer can open Savings A/c for his/her minor children.
- We are member of Deposit Insurance and Credit Guarantee Scheme in which customers deposits are insured up to Rs. 5 Lac.
This is premier service for our corporate Clients. Here we provide unlimited cheque Book facility and to number of clients we provide over draft facility is also provide.
Current account can be opened by the proprietary firms/HUF/ Personal/ Individual/Partnership firms/ public or Pvt. Ltd. Company/ Club/ Trust/Institution/Association etc.
- Minimum Deposit of Rs.2500/-
- We offer 15, 30 & 45 pages cheque book.
- We offer nomination facility for all individual accounts and proprietary concern accounts.
- We offer Monthly, Quarterly, Half yearly, Yearly and periodical Statement to our Customers for their reconciliation purpose or any other purpose.
- We are member of Deposit Insurance and Credit Guarantee Scheme in which customers deposits are insured up to Rs. 5 Lac.
Recurring Deposit account may be opened by any person, individual, a minor, senior citizen.
Deposit by way of fixed monthly installment is made in the account during the fixed period.
Nomination facility available.
Premature payment available (certain terms & Condition apply).
KYC not required, if already having Saving Account with the Bank.
Rules & Regulations for Recurring Bank Account :
- Depositor has to fulfill KYC norms as per RBI directives.
- Guardian can open Minor’s Recurring A/c. When minor turns major, thereafter providing valid age proof, he/she can withdraw the amount with his/her own signature.
- Every Depositor must have to deposit their installments till 10th date of every month.
Fixed Deposits are our very important product. We provide very attractive returns on fixed deposits along with very high amount of safety to the capital invested. Rates on the Fixed Deposits are given below.
A fixed deposit account may be opened by any Personal/ Individual/Minor/HUF/Firm/ Company/Club/ Trust/Society/Association etc.
- We are member of Deposit Insurance and Credit Guarantee Scheme in which customers deposit is insured up to Rs. 5 Lac.
- We provide attractive Interest Rates to our Customers from time to time.
- Guardian can open Minor’s Fix deposit A/c. When minor turn major then at maturity he/she can withdraw the amount with his/her signature, after providing valid age proof.
- We offer nomination facility for all deposit accounts.