Savings bank account :

We understand that everyone wants to save for something in the future. We also realize that everyone wants their savings to be safe and accessible anytime, anyplace to help meet their needs. So we bring to you the THE HUBLI URBAN CO-OP BANK LTD. Savings Account, which helps you plan and save for your future financial requirements. Your savings are completely liquid, and earn competitive interest in our safety.
Benefits of THE HUBLI URBAN CO-OP BANK LTD. Savings Account

Our Savings Bank Account helps you to plan and save for your future financial requirements. Your savings remain liquid, safe and earn moderate interest.


Monitoring Your Account

  • Monitor and control your funds through Passbook/ statement of account facility.

Moderate Earning
Our Savings Bank Account earns you an interest at the rate of 4% p.a., compounded half yearly. It is calculated on daily product basis w.e.f. 01.05.2011.

Value Added Features

  • Nomination facility - Available
  • 10 cheque leaves free in the first instance.
  • Minimum balance requirements.


Cheque operated account

Ordinary account



Rs. 500

Value Add Features
  • Transfer of accounts from one Branch to another branch without any charge.
  • Nomination Facility available
  • Facility to open your Savings Account in Single or Joint Names
  • Low Minimum Balance Requirements
  • Full Security of your money at all times


Know Your Customer Guidelines(KYC Norms)
Any person fulfilling account opening requirements may, upon agreeing to comply with the prescribed rules, open a Savings Bank Account, provided she/he furnishes proof of identity and proof of address as required by the Bank.
Nomination & Survivorship Facility
The nomination facility is available on Savings Bank Accounts and the account holders are advised to avail of this facility for smooth settlement of claim by legal heirs in unforeseen circumstances. Nomination can be made in favour of only one nominee. In case they do not wish to make a nomination, the fact should be recorded on the account opening form under their full signature. Joint account with survivorship benefit can be operated by the survivor, in such circumstances.
Types Of Accounts, Balance Stipulation & Service Charges
The applicants can open an account either with chequebook facility or without chequebook. The current minimum quarterly average balances prescribed for these account types and the charges prescribed for non maintenance of minimum balance, the information can be obtained from Branches. There is no ceiling on maximum balance in Savings Bank account.
How To Open An Account?
In ordinary course, applicant(s) should attend the Bank personally for completion of formalities for opening the account. They will duly fill in and sign the prescribed application form. Applicant(s) should submit two copies of his/ her/ their recently taken passport size photographs. Account holders signatures must be legible and well formed. Signatures should not be in capital or block letters. Each account will be given a distinctive account number. While dealing with the Bank, this number should be invariably quoted by the account holder(s). The account holders, in their self-interest, are expected to adhere to uniform signature as per specimen recorded with the Bank while operating the accounts and addressing any correspondence to the Bank.
Pass Book
The pass book and cheque book supplied to the account holder should be kept in a safe place. The Bank will not be responsible for any loss or incorrect payment attributable to the account holders neglect in this regard. For withdrawing cash by means of a withdrawal form, the pass book must be presented. Withdrawals using cheque forms can be effected without pass book. Deposits may be made without production of the pass book. Pass book should be got updated regularly. The pass book will be returned to the account holder immediately after completion of the transaction duly updated. The account holders should carefully examine the entries in their pass books and draw the Banks attention to errors or omissions, if any.
Duplicate in lieu of the lost or mutilated pass book may be issued on receipt of a written request from the account holder after necessary enquiries, completion of formalities and recovery of prescribed charges. The current charges prescribed for this are obtained from Branches.
Cheque Book
The Bank will issue the first cheque book after completion of all formalities with regard to opening of the account. No charge will be recovered for issue of ten cheque leaves in a year. Thereafter, service charge will be charged to the customers account. The current charges prescribed for this may be obtained from Branches. The account holders must use only the cheques from the cheque books issued to them by the Bank. The Bank reserves the right to refuse payment of any cheques drawn otherwise. Ordinarily, Bank will not issue more than one cheque book at a time or before exhausting all or nearly all cheque leaves issued previously. Cheques must be written legibly and any alterations or cuttings should be authenticated under full signature which must conform to the specimen recorded with the Bank. Stop payment instructions in respect of cheques issued or lost can be registered with the Bank on payment of a prescribed service charge. The current charges prescribed for this may be obtained from Branches.
Operations In The Account
Savings Bank account is essentially a facility to build up savings and hence must not be used as a Current Account. Bank may close an account should it have any reason to believe that the account holder has used her/his account for a purpose for which it is not allowed.
There is no restriction on number of deposits that can be made into the account. No deposit in cash for less than Rs 100/- will be accepted. Cheques, drafts or other instruments drawn only in favour of the account holder will be accepted for credit of the account. Third party instruments endorsed in favour of the account holder will NOT be accepted. No drawings against accepted instruments will be normally permitted until these are realized.
The account holder can withdraw money personally from her/ his ordinary Savings Bank Account by using Banks standard withdrawal form. The pass book must accompany the withdrawal form.The withdrawal form can be used only for receiving payments by the account holder himself/ herself. The account holder cannot withdraw an amount less than Rs. 100/-. All withdrawals must be in round Rupees only. Third party payments through withdrawal forms are not permitted. A letter of authority as per the prescribed format, along with the pass book should be sent to the Bank through an authorized representative to receive payment in case the account holder is unable to attend personally to withdraw cash from her/his account. The minimum drawing permitted per cheque form is limited to Rs. 100/-. There is no ceiling on the maximum amount that can be drawn through a single cheque. The maximum number of debit entries permitted in an account is 30 per half year or as decided by the Bank from time to time, Cash withdrawal can be made from the accounts of the sick, old or incapacitated account holders who are unable to attend the Bank and/or also not able to put their signature or thumb impression for withdrawing cash by completing the laid down formalities.
Cheques drawn in excess of the balance in the account will be returned unpaid. Service charge will be recovered each time a cheque is returned unpaid for want of sufficient funds. Charges prescribed for this information can also be obtained from Branches.
Inoperative Accounts
Account holders are advised to operate their accounts regularly. Accounts not operated are classified as Inoperative after the stipulated time period of 24 months since last operation. Inoperative accounts having less than the stipulated minimum balance will be charged a service charge at the end of the first year after the account is identified as inoperative and thereafter every year, if the account remains inoperative. If the balance in the account is equal to or less than the service charge, the account will be closed under advice to the account holder. The current prescribed charges in this regard are can be obtained from Branches.
Standing Instructions
The account holder can request the Bank for effecting periodical payment of insurance premium; membership fees etc. by debit to her/ his account on payment of service charges. The current prescribed charges for Standing Instruction can also be obtained from Branches .
Transfer & Closure Of Account
Accounts may be transferred between branches of the Bank at the request of the account holder(s). Request for closure of account should state the reason for closure. The pass book, unused cheque leaves must accompany such request. Joint accounts can be closed only at the request of all such joint signatories. Service charge at prescribed rate will be recovered if an account is closed prior to twelve months of its opening. The current charges prescribed for this can be obtained from Branches.
Change in Rules
The Bank reserves the right to alter, delete or add to any of these Rules and service charges for which the customer will be duly notified through Bank's website and/ or branch notice board.
Documents required for opening deposit accounts:
The Customer identification will be done on the basis of documents provided by the prospective customer as under,
  • Passport or Voter ID card or Pension Payment Orders (Govt./PSUs) alone, whereon the address is the same as mentioned in account opening form.
  • Anyone document for proof of identity and proof of address, from each of the under noted items
Proof of identity
  • Passport, if the address differs from the one mentioned in the account opening form
  • Voter ID Card, if the address differs from the one mentioned in the account opening form
  • PAN Card
  • Govt. / De fence ID card
  • ID cards of reputed employers
  • Driving License
  • Pension Payment Orders (Govt./PSUs), if the address differs from the one mentioned in the account opening form
  • Photo ID Card issued by Post Offices
  • Photo identity card issued to bona fide students of Universities/ Institutes approved by UGC/ AICTE
Proof of address
  • Credit card statement
  • Salary slip
  • Income tax /wealth tax assessment
  • Electricity bill
  • Telephone bill
  • Bank account statement
  • Letter from a reputed employer
  • Letter from any recognized public authority
  • Ration card
  • Copies of Registered leave & license agreement/Sale Deed/Lease Agreement may be accepted as proof of address
  • Certificate issued by hostel and also, proof of residence incorporating local address, as well as permanent address issued by respective hostel warden of aforesaid University/institute where the student resides, duly countersigned by the Registrar/Principal/Dean of Student Welfare.Such accounts should be closed on completion of education/ leaving the University/ Institute.
  • For students residing with relatives, address proof of relatives along with their identity proof, can also be accepted provided declaration is given by the relative that the student is related to him and is staying with him.
Small Deposit Accounts
Branches may open accounts for those customers who are in no position to submit the above mentioned documents provided they intend to maintain balances not exceeding Rs. 50,000/- (Rupees Fifty Thousand only) in all their accounts taken together and the total credit summation in all the accounts taken together is not expected to exceed Rs.1,00,000/- (Rupees One Lac only) in a year, subject to:
  • Introduction from another account holder who has been subjected to full KYC procedure. The introducer's account with the bank should be at least six months old and should show satisfactory transactions. Photograph of the customer who proposes to open the account and also his address needs to be certified by the introducer.
  • At villages, Kisan Bahi/Kisan Passbook issued by revenue authorities and containing photograph/address of the land holder will be accepted.
  • Any other evidence as to the identity and address of the customer to the satisfaction of the bank.
However, if at any point of time, the balances in the accounts of such customers with the Bank (taken together) and the total credit summation exceed the above threshold, no further transactions will be permitted until full KYC procedures are completed.
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