SAVINGS ACCOUNT

SAVINGS ACCOUNT

Shree Sarneshwar Credit Co-Operative Society Ltd. offers a golden opportunity for our registered member by offering a Zero Balance Savings Account. A savings account is a deposit account held at a bank or other financial institution that provides principal security and a modest interest rate. Depending on the specific type of savings account, the account holder may not be able to write checks from the account (without incurring extra fees or expenses) and the account is likely to have a limited number of free transfers/transactions. Savings account funds are considered one of the most liquid investments outside of demand accounts and cash. In contrast to savings accounts, checking accounts allow you to write checks and use electronic debit to access your funds inside the account. Savings accounts are generally for money that you don't intend to use for daily expenses.

In Shree Sarneshwar Credit Co-Operative Society, When a member will complete his/her registration, then he/she will get a zero balance non operative Savings Account. Every member will transact any kind of deposit or withdrawal through this savings account. Apart from RD,FD,MIS every registered member will get interest on deposited amount in Savings account.