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Savings Bank Account (Regular)

Opening a Savings Account (SA) at Kadamba Co-Operative Society comes with many added privileges compared to other co-operative societies and banks. Kadamba provides a “No Frills Account” to members, i.e. the members can operate the account at zero balance too.

Kadamba Savings Account Features & Benefits

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  • Minimum Balance Required – NIL (No Frills Account)
  • Automatic Open Facility with BP creation (For New Members)
  • Unlimited Transactions without any charges
  • Nomination Facility
  • SMS Facility
  • Mobile Application Facility
  • Fund Transfer Facility through MMA or NEFT/ RTGS
  • Incoming NEFT Facility (up to ₹ 49,999/-)
  • Statement Facility without any charge
  • No TDS Deduction on interest for Members (as per current IT act)

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