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Opening a Savings Account (SA) at ACCS comes with many added privileges compared to other co-operative societies and banks. Adarsh provides a No Frills Account to members, i.e. the members can operate the account at zero balance too. Additionally, you also get an interest rate of 7%* per annum which is compounded on a quarterly basis.

Adarsh Savings Account Features & Benefits

  • Minimum Balance Required – NIL (No Frills Account)
  • Interest Rate – 7%* per annum (Quarterly Compound – Pro-Rata Basis Calculation)
  • Automatic Open Facility with B. P. 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)