Saving money habit will improve your quality of life and will help you to feel better and to sleep better. One will be happier knowing he/she has some money aside or unexpected expenses and look forward to achieving some of their dreams. Gandak Vinivesh Benefit Fund Nidhi Limited has introduced a uniquely designed “Saving Account: to inbuilt the habit of saving among people.

Scheme updated: 01.January.2022 to 31.March.2022

Feature of Saving Account

Salient Features

1. Minimum balance Rs. 250 and interest rate 4.00% with effect from 01.02.2021
2. A person legally empowered to operate a minor’s account can file a nomination on behalf of the minor
3. Applicants can make a nomination by filling up the prescribed form
4. The nomination details can be changed during the subsistence of the account relationship by filling up the form prescribed
5. The account can be opened only for an individual, no joint account facility is available.
6. Minor cannot open Savings Account
7. Nomination compulsory, in case the nominee is minor, appointee required with KYC
8. Up to Rs. 20000 cash will be accepted above that cheque is compulsory
9. Cash deposit above Rs. 49,999 PAN Card is compulsory.
10. Duplicate passbook will be charged Rs.200/-
11. No hidden charges in this scheme.
12. No transaction charges.
13. No credit and debit charges.
14. No service charges in doorstep banking.

Note:

1. Please produce the original documents for verification and a photocopy of each document
2. Mandatory to provide permanent address and telephone number
3. Please avail of the nomination facility
4. Mandatory to complete the KYC Norms

Terms and conditions apply and all deposit plans are only for Members/ Shareholders.