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 GSC Bank and enjoy a range of services and facilities without any additional charges.
Savings Deposit Rate: 3.50% & Senior citizens will get an additional interest rates of 0.50% P.A.

Eligibility

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.

The account can be opened with Rs.500/- only
Free Net Banking Facility
Free Mobile Banking Facility
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
Personalized cheque book facility
Offering Personalized RuPay Debit Card with a host of features such as exclusive offers on shopping, restaurants, etc.,(in collaboration with RUPAY)
Other value-added services are offered such as Enjoy a higher rate of interest on your Savings (Regular) Account i.e. 3.50% p.a.
Other services offered at very competitive rates

Customized Savings Bank Account for HNIs. It is primarily meant to inculcate a sense of saving for your future financial requirements. The main purpose of the account is to save in small or large amounts from time to time.
Open a “Savings Bank – Preferred Account” with GSC Bank (The Gujarat State Co-operative Bank Ltd.), which comes with enhanced service offerings and value-added services at no extra cost.

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 the minor, to be operated by a natural guardian.
The account can be opened by a club, a society, or an association.
Average Quarterly Balance (AQB) to be maintained a minimum of Rs.50,000/- to avail a host of benefits under the preferred category.
Non-maintenance of the minimum balance will attract quarterly charges of Rs.500/- per quarter.

Nil charges for RTGS, NEFT, IMPS, UPI
Extended cut-off time for Outward Clearing/Funds Transfer
Personalized Cheque Book facility
Offering Free Personalized RuPay Debit Card (Platinum) with a host of features such as a High Cash Withdrawal limit (through ATM) – Rs.50,000/- (Platinum Card) per day.

High purchase limit (POS) through Platinum Debit Card – Rs.1,00,000/- per day ( Per swipe limit of Rs.50,000/-)
Other value-added services are offered such as Enjoying a higher rate of interest on your Savings Bank-Preferred Account i.e. 3.75% p.a. and 50% concession in processing charges relating to retail loans availed by the account holder.
Most of the services being offered free of cost.