SUCB LTD. Shimla

Saving Account

Who can open a Savings Bank Account

Any person competent to contract and satisfactorily introduced to the Bank may open an account in his/her own name. He/She may not open more than one such account.
Accounts may be opened in the names of two or more persons and may be made payable to:
- Any one or more of them
- Any one or more of the survivors
- Either or anyone or more of them or the survivors jointly
- Former or survivor / Latter or survivor
A savings bank account may be opened in the single name of a minor operated by natural/legal guardian.
Accounts may be opened in the name of clubs, societies, provident funds and trusts subject to RBI norms.
Accounts may be opened in the name of Government Departments for grants/subsidies as per RBI directives.

How to open a Savings Bank Account

Application must be made in prescribed account opening form in person.
Illiterate depositors must affix thumb impression in presence of bank officer.
No cheque book facility for illiterate depositors.
Two passport size photographs required.
Account must be introduced by an existing KYC-compliant account holder.

Accepted Identity Documents

Passport
PAN Card
Driving Licence
Voter ID
Defence ID
Senior Citizen Card

Current Account

Who can open a Current Account

Individuals, sole proprietors, partnership firms, companies, HUF, trusts, clubs, societies.
Accounts can be operated singly or jointly as per mandate.

How to open a Current Account

Account opening form to be filled in person.
All signatories must sign declaration accepting rules.
Passport size photographs mandatory.
Introduction by existing account holder (minimum 6 months old).

Term Deposit Account

Opening of Term Deposit Accounts

Existing and new customers may open term deposit accounts subject to KYC norms and RBI guidelines.

Period and Minimum Amount

Minimum period: 7 days
Minimum amount: Rs. 1000/-
Maximum period: 120 months (extendable to 20 years in special cases)

Operational Instructions

Accounts can be opened with Either or Survivor, Jointly, Former or Survivor instructions.

Additional Documents

PAN / Form 60 / 61
Photographs (if not available in existing accounts)

Recurring Deposit Account

Recurring Deposit Account can be opened with monthly installments over 12 to 120 months.

Minimum monthly installment: Rs. 100/-
Maximum period: 10 years
Interest rate same as Term Deposit for respective period

Documentation

Sr. No.	Features	Documents
1	Accounts of any one of individual / HUF – Legal name or any other name used	Passport (valid) PAN Card Voter’s Identity Card Driving License (valid) Indian Post ID Government Identity Card (subject to bank’s satisfaction) Letter from recognized public authority/public servant verifying identity & residence Employee ID Card (for corporate salary accounts only) with one more ID proof Photo Debit/Credit Card (valid) Other Bank’s signature verification HUF declaration signed by Karta & major coparceners (with DOB of minors) Marriage Certificate/Nikahnama for women (with spouse ID & address proof) Defense Dependent Card Defense Ex-Service Man Card Citizenship Card (North Eastern States for ISA)
	Correct Permanent Address	Telephone bill in the name of customer Bank account statement / Passbook Letter from recognized public authority Electricity bill Ration card Municipal Corporation bill Employer letter (public/private ltd. companies – subject to bank’s satisfaction) Registered lease agreement / notarized lease (corporate salary accounts) Any document providing address to bank’s satisfaction
2	Minor Accounts	Birth Certificate (Municipal Authority) Passport PAN Card 10th / 12th Marksheet Bonafide school leaving certificate confirming age Report card signed by Class Teacher / Principal / Vice-Principal School ID Card with photo & DOB Letter from School / College / University with photograph & signature Letter confirming address as per records
4	Senior Citizens	Passport Driving License Ration Card Pension Card Government ID Card School Leaving Certificate Life Insurance Policy Birth Certificate
5	Accounts of Companies	Name, Principal place of business & Mailing address Telephone / Fax number Certificate of Commencement of Business Certificate of Incorporation Articles & Memorandum of Association Board Resolution to open account & operate Power of Attorney to managers / officers Copy of PAN Card Form 32 / latest annual return for director changes Form 18 for address change Photographs of Directors / Authorized Signatories Complete address of Directors / Signatories ISA documents (List A / B) NOC from lending bank (if credit facilities) Existing bank statement Introduction by existing SCB account holder
	Accounts of Trusts & Foundations	Names of Trustees / Settlers / Beneficiaries Addresses & Telephone/Fax numbers Certificate of Registration Certified copy of Trust Deed POA to transact business By-laws copy Resolution of managing body Passport size photographs ISA documents for authorized signatories IT exemption letter (charitable institutions) PAN / NOC if enjoying credit facilities
6	Societies / Clubs / Associations	Name & address of Society / Club / Association Signatories details Telephone / Fax numbers Certificate of Registration Certified copy of By-laws Power of Attorney Resolution of Managing Body Telephone bill for address confirmation PAN Card NOC from lending bank (if applicable)
7	Power of Attorney / Mandate Holder	Mandate letter signed by all customers Certified POA agreement Identity document of Mandate/POA holder Photograph of Mandate/POA holder
8	Sole Proprietorship Accounts	Proprietor’s Identity, Signature & Address proof Telephone number confirmation Existing bank statement in firm name Telephone bill confirming address NOC from lending bank (if credit facilities) PAN Card (mandatory if cash deposit) Introduction by existing current account holder
		Shimla Urban Cooperative Bank Ltd., Shimla for more than 6 months and with satisfactory conduct. Any Two proofs from below for identity – i) Registration certificate / license issued by Municipal authorities such as Shop & Establishment certificate / Trade Licence ii) CST / VAT / Service Tax Certificate or letter of registration for CST / VAT / Service Tax iii) Certificate / Registration document issued by Service Tax / Professional Tax authorities iv) Registration certificate (in the case of a registered concern) v) IEC (Importer Exporter Code) issued by DGFT vi) Certificate / Registration document issued by Sales Tax / Service Tax / Professional Tax authorities vii) License issued by the registering authority like certificate of practice issued by ICAI, ICMAI, ICSI, Medical Council, Food & Drug Control Authorities, etc. viii) License issued by Explosives Rules ix) Certificate of registration under any specific Statute / Act of the government x) IRDA licence (Insurance Regulatory and Development Authority) in the name of the entity with address mentioned xi) Valid Business Licence or certificate of registration issued by State / Central government authority (validity would include the grace period for renewal as mentioned in the certificate)
		xii) Permission issued by respective government authority for units in SEZ, STP, EOU, EHTP, DTA and EPZ mentioning the address allotted xiii) Registration certificate of recognized Provident Fund with PF commissioner xiv) Factory Registration certificate issued by any state / central government authority xv) RBI / SEBI Registration Certificate xvi) Licence to sell stock or exhibit for sale or distribute Insecticides, under the Insecticides Rules, issued by respective state / union government department xvii) Permission issued by village Administrative Officer / Panchayat Head / Mukhiya / Village Development Officer / Block Development Officer or equal rank officer for customers in rural areas and President / CEO if document issued by Nagar Parishad / Zilla Parishad xviii) Letter / Certificate / NOC issued by village Administrative Officer / Panchayat Head / Mukhiya / Village Development Officer / Block Development Officer or equal rank officer for customers in rural areas and President / CEO if document issued by Nagar Parishad / Zilla Parishad stating the details of existence of the firm may be accepted. In such cases (wherever permission is not available), CPV by a bank staff shall be mandatory.
		xix) Registration Certificate issued by District Industries Center for firm registered as SSI / Micro / Medium Unit xx) Licence issued under Contract Labour (Regulation & Abolition) Act 1970 xxi) Licence issued by police department under the provisions of State Police Acts xxii) Latest Income Tax Return filed in name of proprietor, provided the name of firm shall reflect on the ITR-4 form xxiii) Acknowledgment of ITR-4 return may be accepted provided the name of the firm is mentioned xxiv) Latest Sales Tax Returns filed in name of firm (CST / VAT / Service Tax / Professional Tax) duly acknowledged xxv) TAN Allotment Letter in name of firm only (not in name of proprietor). Printout of online TAN registration details shall also be accepted xxvi) Latest available Income Tax / Wealth Tax Assessment order along with PAN confirmation printout xxvii) Latest property tax / water tax / utility bill or receipt in name of firm issued by local authority or service provider (telephone bill must be for landline connection) xxviii) Certificate issued by a Chartered Accountant confirming existence of the firm
		Need to be validated from the Chartered Accountants directory. To be accompanied by a site visit conducted by permanent bank staff. Registration Certificate / License issued by: Rubber Board Spices Board Tea Board Coffee Board Coir Board Tobacco Board National Jute Board Pollution Control Board License issued by Agriculture Produce Marketing Committees (APMC) / Gramin Mandis / KVIC (Any two of the above documents would suffice and should be in the name of proprietary concern)
9	Government Accounts	General circular from the concerned department within the respective State / Province stating that the office officials are authorized to function as DDO (Drawing & Disbursal Officer). Engineer / BDPO (Block Development & Panchayat Officer) / DDPO (District Development & Panchayat Officer). Letter of Intent signed by Executive Engineer / SDO / BDPO / DDPO to open an account with The Shimla Urban Cooperative Bank Ltd., Shimla. The immediate officer (reporting authority) should issue a letter confirming that the official is authorized to open and operate the account. Letter of Intent signed by Executive Engineer / SDO / BDPO / DDPO to open an account with The Shimla Urban Cooperative Bank Ltd., Shimla.

The Shimla Urban Co - Operative Bank Limited

Deposit