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  • Home
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Home / Deposit Products

Savings Account
Current Account
Recurring Account
Fixed Deposit
Savings Account

Savings Bank Account

Helping you save smarter with safe, rewarding, and convenient banking.

Our Savings Bank Accounts are designed to encourage regular savings while giving you the flexibility and safety needed for day-to-day money management.

Open Savings Account
5K+
Trusted By 5,000+ Business Costomers
Who Can Open a Savings Account?
01
Individuals
Single or Joint
02
Minors
operated under guardian supervision
03
Self-Help Groups
SHGs
04
Trusts and Registered Societies
05
Non-business entities
06
Non-profit
organizations
07
Semi-Government Departments
not dependent on grants
Key Features & Benefits
Minimum balance
Minimum balance requirement: ₹3,000
SMS & Email Alerts
SMS Alerts and Email Account Statements
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Any-Branch
Any-Branch Banking facility
ATM/Debit Card
ATM/Debit Card with cash withdrawal up to ₹40,000
Mobile Banking
Mobile Banking for easy and secure transactions
Documents Required
  • Duly filled Account Opening Form
  • KYC documents as applicable
  • Two passport-size photographs
  • Proof of Identity and Proof of Address
  • PAN / GIN (or declaration in prescribed format, if PAN is not available)
Interest & Nomination
Interest

Interest is paid at rates prescribed by RBI and fixed by the Bank from time to time

Nomination facility
Nomination facility available as per Banking Regulation Act, 1949
Interest calculate
Interest is calculated on a daily product basis
Institutional Accounts

Accounts for institutions may be opened by duly authorized officers such as Secretaries, Treasurers, or Managers. Relevant governing rules and authorization documents must be submitted at the time of account opening.

Current Account

Current Account

Empowering businesses with flexible, secure, and Smart Banking Solution.

The Shiva Sahakari Bank Niyamita. offers Current Accounts designed for businesses that require frequent deposits and withdrawals. These accounts help manage day-to-day business transactions smoothly with easy access to funds.

Open Current Account
5K+
Trusted By 5,000+ Business Costomers
Who Can Open a Current Account?
Proprietorship concerns

Ideal for individual business owners who manage day-to-day transactions.

Partnership firms

Designed for businesses run jointly by partners with shared responsibilities.

Companies (Public & Private Ltd)

Suitable for registered companies handled by authorized signatories.

Key Features & Benefits
Minimum balance
Minimum balance requirement ₹1,000
Any-Branch Banking
Any-Branch Banking facility across all branches
SMS & Email Alerts
SMS transaction alerts & account statements by email
Documents Required
  • Duly filled Account Opening Form
  • KYC documents as applicable
  • Proof of Identity and Proof of Address
  • Business Registration / Incorporation Certificate
  • GST Registration Certificate (where applicable)
  • PAN Card
Open a Current Account

Start your business banking with Shiva Sahakari Bank Niyamita. and enjoy secure, efficient, and flexible banking solutions tailored for your business needs.

 

Recurring Account

Recurring Deposit Account
Grow your savings steadily with disciplined, hassle-free monthly deposits.
Shiva Sahakari Bank Niyamita’s Recurring Deposit Accounts help you build wealth systematically with assured maturity amounts and flexible installment options.
Open Account
5K+
Trusted By 5,000+ Business Costomers
How to Open a Recurring Deposit Account
  • Depositors may avail a lA Recurring Deposit (RD) account may be opened for a minimum period of 12 months and a maximum period of 120 months.oan up to 80% of the deposit amount
  • More than one RD account can be opened in the same person’s name.
Who May Open a Recurring Deposit Account
Individual Account Holder
An individual in his/her own name.
Joint Account Holders

More than one person jointly, payable to either or any one or more of them, or on survivorship basis.

Minor Account Through Natural Guardian

A natural guardian (father or mother) on behalf of a minor; the date of birth must be declared at the time of opening the account.

Minor Account Through Court-Appointed Guardian

A guardian appointed by Court on behalf of a minor.

Co-operative Society through authorized persons

A Co-operative Society, through persons authorized by its Board of Directors.

Recurring Deposit Account Instructions
Terms of Deposit
  • The RD account can be opened on any day of the month.
  • Every subsequent installment is due by the last day of each calendar month.
Payment of Monthly Installments
  • Depositors must pay the monthly installment before the end of the month.
  • Standing instructions for monthly transfers from Savings or Current Accounts to the RD account are accepted free of charge and will be executed by the Bank until maturity.
Passbook
  • Each depositor will be provided with a passbook.
  • Monthly installments will be entered and acknowledged by a Bank officer.
Due Date and Maturity
  • If all monthly installments are paid promptly, the maturity value will be payable 30 days after the last installment.
  • Payment will be made to the depositor or nominee as per the declaration submitted at the time of opening.

Fixed Deposit

Fixed Deposit Scheme/Term Deposit Schemes
Earn higher returns with secure, reliable, and flexible deposit options.
Our Fixed Deposit Schemes ensure capital safety and predictable returns, making them ideal for long-term financial planning and wealth preservation.
Fixed Deposit
Shiva Cash Certificate 
5K+
Trusted By 5,000+ Business Costomers
Who Can Open a Savings Account?
01
Individual
An individual in his/her own name
02
Joint names
Two or more individuals in their joint names with suitable repayment instructions
03
Guardian
A guardian on behalf of a minor
04
Types of Organizations Covered
Clubs, societies, associations, educational institutions, trusts, firms, partnership concerns, joint stock companies, executors, and administrators
Mode of Opening an Account
  • Fixed Deposit accounts can be opened with a minimum deposit of ₹1000/-
  • The depositor must submit an application in the prescribed form along with the required documents
Period of Deposit
  • Deposits are accepted for periods ranging from a minimum of 15 days to a maximum of 10 years, as per the customer’s choice
Rate of Interest
  • Interest on Fixed Deposits shall be paid at rates applicable for the respective period, in accordance with Reserve Bank of India rules/directives/guidelines, and as fixed by the Bank from time to time
  • Interest is payable at quarterly rests
  • Monthly interest payment may be allowed, if requested by the depositor
Repayment And Premature Closure
Repayment on Maturity
  • Deposits are accepted for periods ranging from a minimum of 15 days to a maximum of 10 years, as per the customer’s choice
Premature Closure
  • The depositor may close the Fixed Deposit account before maturity
  • In such cases, interest shall be paid at 1% less than the rate applicable for the period for which the deposit remained with the Bank
Renewal of Matured Deposits
Renewal of Overdue Deposits
  • The total amount of overdue deposits or part thereof may be renewed from the date of maturity to a future date
Minimum Renewal Period Requirement
  • The renewal must be for a minimum period of 15 days beyond the date of renewal
Timeline for Renewal After Maturity
  • Renewal must be completed within 15 days from the date of maturity to ensure continued benefits.
Interest Applicable on Renewed Deposits
  • Interest will be paid at the rate applicable on the original maturity date, and only on the renewed amount.
Deposits
Loan Against Deposits
  • Depositors may avail a loan up to 80% of the deposit amount
  • Interest on such loans shall be charged at 1% above the rate of interest applicable on the deposit
Premature Closure
  • Fixed Deposit accounts may be transferred from one branch of the Bank to another only after maturity, at the request of the depositor
Nomination Facility
  • Nomination facility is available
  • A prescribed nomination application must be obtained from the depositor, and necessary entries shall be recorded in the Bank’s records

Email

support@shivasahakaribankdvg.com

Contact

9449819322

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