the rajastan co-operative bank

8/8/2019 The Rajastan Co-operative Bank

1/12

THE RAJASTAN STATE CO-OPERATIVE BANK

HISTORY OF BANK

RSCB has Successfully completed more than five decades of services to the state

ajasthan in general and to the rural and farming community in particular. The bank h

ifted it's new Head-Office premises at Tonk Road Jaipur. The bank was established to proviort term agriculture loan for agricultural, rural development, non-agricultural loa

mployment oriented schemes and short term loans. The bank has an image at national levd it has been honoured several times.

THERE MISSIONOur Corporate Mission Is To Become A Strong And Competitive Cooperative Banki

etwork Which Offers Innovative Financial Product Alongwith Varied Range Of Services erve Rural Masses With Rejuvenated Short-Term Cooperative Credit Structure To Serve T

ople Of Rajasthan

Organisational SetUp

Presently power of Board Of Director are Vested in Administrator who is appointed by tate Government.The Chief Executive Officer of the Bank is designated as Managing Direct

d is an officer drawn on deputation from State Govt. One General Manager and 5 Dy.Gene

anagers are there to assist M.D in day in day management .The bank has 5 department O level Which are :

1

Administration & Personal (A&P).

Planing & Development(P&D).

Accounts & Finance(A&F).

Inspection & Supervision(I&S).

Operations Department.


2/12

SAVING ACCOUNT Simplest Deposit available to depositor. Easy to Operate. Terms And Condition are simple to understand to facilitate

layman's understanding.

Any individual or society to save from their earnings to plan for your futurefinancial requirements can open our Saving Account

Your deposit is insured by DICGC. Option for money withdrawal by withdrawal forms or by cheque. Your savings remain liquid,safe and also earn moderate interest @ of 3.5% p.a

compounded half yearly.

You can give various types of standing instructions like transferring to fixeddeposit accounts at regular intervals.

An average quarterly balance of Rs. 5,000 only. Interest is payable half-yearly. Minimum balance Rs.1000 for Saving Account with Cheque book and Rs.500 fo

saving account without cheque book facilty.

Minor not below 14 years of age can also open an independent savings accouwithout cheque book facility.

igiblity

Resident Indian, Self Help Group or a Co-operative Society.Document Required

Applicants must satisfy the following documentation requirements: Identity proof (PAN, EC Card, Driving Licence, Passport). Passport Size Photograph - 2. Proof of residence address. Introduction as pe bank norms.

Note: Mandatory to provide Permanent Address.

acility

You can give various types of standing instructions like transferring of fund tofixed deposit accounts at regular intervals, payment of locker rent with our

bank's branches and other utility bills.

Nomination facility is available. Quarterly Statement of Account at your doorstep. Free signature verification as per bank's norm. Can open single or jointly with any other person. ECS debit/credit.

2


3/12

Service Charges For Saving AccountPresent Rates

Minimum Balance with cheque Book Penalty on every occasion on default in keeping

the min. balance

Minimum balance without cheque book Penalty on every occasion on default in keeping

the min. balance

Cheque Return Charges (including of ECS) Service charges on return cheque sent by Post Cheque Book charges

If min. balance is between Rs.500 to Rs.1000 andno operation of account in past one year

If min. balance goes below Rs.500 but is overRs.50 but no operation in account during past oneyear.

Less than min. & no operations in past one year

Rs.1000

Rs.500 Withdrawals of funds

stopped.

Rs.500 Rs.20 Rs.2 per leaf on

additional cheque boo

after issuing Rs.1 perleaf cheque book

No cheque bookcharges on average

balance of Rs.25,000

No charges Nil

3


4/12

CURRENT ACCOUNT Current Deposits Account can be opened by sole-proprietary /

partnership firm, private and public limited companies, institutionstrusts, individuals, societies etc.

Unlimited number of payments and receipts. Overdraft facility. Low minimum balance of Rs. 3000 only.

Facility

You can give various types of standing instructions like transferrinof fund to fixed deposit accounts at regular intervals, payment oflocker rent with our bank's branches and other utility bills.

Nomination facility is available. Free signature verification as per bank's norm. Free Balance Certificate once in a month. Free monthly statemant of account as per bank's norms. ECS debit/credit.

Eligiblity

Any sole-proprietary / partnership firm, private and public limitedcompanies, institutions, trusts, individuals, NGO, societies can opecurrent Account.

Document Required

In case of firms, societies, companies and institutions registrationcertificate/certificate of incorporation & resolution.;.

Power of delegation to operate accounts. Identity proof (PAN, EC Card, Driving Licence, Passport).

Passport Size Photograph - 2. Proof of residence address. Introduction as pe bank norms.

4


5/12

Service Charges For Current AccountPresent Rates

Minimum Balance for opening &maintaining the A/c

Penalty on every occasion in case of default

in min. balance Cheque Return charges (including ECS) Return cheque to be sent by Post If the balance is very less and no

transaction during past one year

Cheque Book charges If weekly Average is over Rs.1 lac or min.

balance is over Rs.0.50 lac during past 6months.

Weekly average balance above Rs.5.00 lacs Ledger Folio charges (once in Mar.) Charges

per folio on weekly average balance.

upto Rs.25000/- Rs.25001/- to Rs.50000/- Rs.50001/- to Rs.100000/- Rs.100001/- to Rs.200000/- Over Rs.200000/-

Rs.2000 Rs.20 Rs.20 Rs.20 Rs.100 or less to b

re-covered asservice charges.

Rs.1.50 per chequ Rs.1 per cheque. Nil

Rs.25 Rs.15 Rs.10 NIL

5


6/12

Fixed Account

An investment of your surplus funds or to create a buffer fund foryour future requirements like children's education/marriage, to buya car or for a dream holiday. You will find a product that suits yourrequirement in all our branch.

Open an savings Deposits account and place funds in FLEXI Deposischeme, wherein term is not fixed and provides liquidity as well asbenefits of higher returns.

Deposit tenure minimum 15 days and maximum 60 months.

Interest payable depending on tenure of deposit onmonthly/quarterly basis or on maturity.nterest Rate

On pre-mature withdrawal of deposited amount interest will becalculated at 1% below the rate applicable for completed period ofdeposit

igiblity

Resident Indian, Companies, or a Co-operative Society.

Societies,Trust,Firms,SHG's.Document Required

Applicants must satisfy the following documentation requirements:

Identity proof (PAN, EC Card, Driving Licence, Passport,EmployerCertificate for Proof of identity ).

Passport Size Photograph - 2. Proof of residence address. Introduction as pe bank norms.

Facility

You can give standing instructions like transferring of interestearned to an account at regular intervals.

The minimum balance of deposit is Rs.1000. Loans against deposits available up-to 90% of deposits available.

6


7/12

Nomination Facility - Available.

Recurring Deposit Account

Encourages savings habits to save for future necessity like, tocreate a fund for your children's education or marriage or to buy acar or for a dream holiday.

Recurring deposit is a scheme where depositor commits to depositfixed amount for a fixed period of time (for instance Rs 500 everymonth for 12 months)and gets a lump- sum amount at the end ofdefined period. The terms i.e., fixed amount, interval and fixed the

period that is decided at the time of opening the deposit can not bmodified / altered.

High interest rates of interest. Non-applicability of Tax Deduction at Source(TDS). Minimum amount required to open RD account is Rs 100/-,

subsequent deposits in multiples of Rs. 100/-.

Deposit tenure minimum 12 months and maximum 60 months.Facility

You can give various types of standing instructions like transferingof fund from deposit accounts at regular intervals.

Loans against deposits available up-to 90% of deposits avialable. Nomination Facility - Availabe. Pass-book.

Eligiblity

A resident Indian. The minimum balance of deposit is Rs. 500 per month and

thereafter, in multiples of Rs. 100.

Document Required

Identity proof (PAN, EC Card, Driving Licence, Passport).

7


8/12

Passport Size Photograph - 2. Proof of residence address. Introduction as pe bank norms. .

8

RATE OF INTEREST ON DEPOSITS

.o.

Fixed Deposit Period Below Rs.25 Lacs (%p.a.) Rs.25Lacs and above(%p.a.)

7 to 14 Days 4.00 4.20 15 to 29 Days 4.00 4.20 30 to 45 Days 4.00 4.20 46 to 90 Days 4.25 4.65 91 to 180 Days 5.50 5.60 181 days to 1 year 6.50 5.85

Over 1 year to 2years

7.25 6.75


7.25 6.75


7.25 6.75

.Over 5 year to 8years

7.50 7.00

. Sahakar Kar Bachat Yojana (Above 5 years) 7.50

. Saving Bank (On Daily Balance w.e.f 01/04/2010) 3.50


9/12

Sahakar Kar Bachat Yojana

Deposit tenure minimum 5 years in any of RSCB Branches. Minimum amount of Deposit- Rs.100 and in multiples of 100

thereafter subject to a maximum of Rs.1,00,000/- in a financial yea

Qualify as an investment for the purpose of deduction under sec.80(as of I.T. Act 1961).

Premature withdrawal of the deposits made under the scheme shanot be allowed before completion of 5 years. In the event of deathof holder of a deposit in respect of which a nomination is in force,the nominee or nominees shall be entitles at any time before orafter the maturity of the deposit to encash the deposit.

The deposit shall not be pledged to secure loan or as security to another asset.

The fixed deposit receipt issued under the scheme shall begoverned by the provisions of The Bank Term Deposit scheme 2006Notification No.SO 1220(F) Dated 28/07/2006.

nterest Rate

8.5% pa. Interest payable monthly/Quarterly or in lump sum at thetime of maturity.

Interest accrued or paid during a financial year shall be liable to taunder the Act and provision of TDS shall apply.

igiblity

Can be made in single name of an individual or in the single name Karta of a HUF.

Can be made in joint names also but benefit of deduction shall beavailable only to the first holder.

Joint fixed deposits can be made in the name of two adults, an aduand a minor and payable to either of the holders or to the Survivor

9


10/12

Document Required

Applicants must satisfy the following documentation requirements:

Identity proof (PAN, EC Card, Driving Licence, Passport, RationCard).

Passport Size Photograph - 2. Proof of residence address. Introduction as pe bank norms. KYC Documents. Sahakar Sugam Credit Cash Scheme

roducts - Sahakar Sugam Credit Card/Cash Credit Scheme To meet credit requirements of very small entrepreneurs, Retailers

Artisans and Ancestral Craftsman to enhance their business andproductivity.

To meet credit requirements of Small Shopkeepers such as PanShop, Cobblers, Road Side Vendors and hawkers.

To meet credit requirements of house-hold productive activities ofladies.

Quantum of Loan Up to Rs.25,000/- (No collateral security required). Up to Rs.50,000/- against equivalent collateral security .

Disbursement

Operative period - Three Years.Rate of Interest

12% p.a. Fixed. Interest will be lived on monthly basis.

Repayment Period

Maximum 6 Months.ocuments required along with duly completed Application Form.

Loan Documentation

Loan Agreement on stamp paper as per bank's norms.

10


11/12

Guarantee deed on stamp paper as per bank's norms. Memorandum of deposit of title deeds. Demand & time Promissory notes. Letter of continuity. Letter of undertaking in the prescribed format.

REGIONAL OFFICE & BRANCHES OF RAJASTAN COOPERATIVE BANK

RSCB Regional Offices RSCB Jaipur Branch

Jaipur Office

Nehru Shahkar Bhawan

Bhawani Singh Road, Jaipur

B.M. Shri S. K. Gangwar

Jawahar Nagar

CC 212, Gola Market, Jaipur

B. Manager Shri Tushar Karodia

Bikanar Office

39,Punchshati Circle

Sadurlaganj, Bikanar

B.M. Shri Manoj Kumar Saha

Lal Kothi

DC-1,Tonk Road Near Nehru Place,

Jaipur

B. Manager Shri Jagan Nath Singh

Jodhapur Office

Rajiv Gandhi Shahkar Bhawan

Compound

near Raliway Station, Jodhapur

R.M. Shri Umesh Aggrawal

C-Scheme

J.D.A Complex

Ahinsa Circle, Jaipur

B. Manager Shri D. L. Meena

Uidaipur Office

1173-74, Hinrun Maghri

Barkat Nagar

Sharma Store Lane

11


12/12

Uidaipur

R.M. Shri K.M Babel

Tonk Phatak, Jaipur

B. M. Shri G. L. Agarwal

12