The Savings Account at The Godavari Urban Co-operative Bank offers a wide range of facilities and services at no additional cost to customers. Eligible individuals and approved organizations or agencies may open a Savings Account with the bank.
A Savings Account without a cheque book requires a minimum balance of ₹500/-, while a Savings Account with a cheque book requires a minimum balance of ₹1,000/-.
Withdrawals can be made using cheques or withdrawal slips. Interest is paid half-yearly at 3.5% p.a., as per guidelines issued by the Reserve Bank of India.
| A Savings Account can be opened in the name of an individual (singly or jointly) or by minors above the age of 10 years. |
| Duly filled Account Opening Form |
| Residential Proof (e.g. Electricity Bill, Passport, Voter ID, Driving Licence) |
| Photo ID Proof (PAN Card or Aadhaar Card) |
| 2 recent passport-sized photographs |
| Introduction by an existing account holder of the Bank |
Minimum balance requirement:
• Without cheque book: ₹500/-
• With cheque book: ₹1,000/-
Have the life you want
Gold savings for a secure future