Facilities offered

Who can open accounts under TASC ( Trusts, Associations, Societies and Clubs) category ?
Trusts : Organization, which acts as a fiduciary, trustee or agent, for individuals and businesses, in the administration of trust funds, estates and custodial arrangements.
Association  : An organized body of people who have an interest, activity, or purpose in common; a society.
Society : An extended social group having a distinctive cultural and economic organization
Club:A formal association of people with similar interests. Society : The offer also covers Educational Institutions, Trade and Professional Associations, Charitable Hospitals and NGOs.


Facilities offered by us :


• Savings/ current accounts and term deposits.
• A dedicated relationship manager
• Web-based facilities for remittance of funds.
• Web-based facilities for receipt of donations online, with our payment gateways.
• Constituent Subsidiary General Ledger ( CSGL accounts ), for trading in G-Secs.
• FCRA accounts for receipt of foreign contributions, for organizations approved by Ministry of Home Affairs.
• Demat accounts for trading in the stock market.
• Overdraft against fixed deposits.
• Investment advice.
• Personalized service.

Free services  offered by us :


• Collection of cheques drawn on centers where we have branches.
• Demand drafts on branches drawn on our centers.
• Free RTGS/ NEFT/ ECS  facilities.
• Free online RTGS, which can be done from your desk.
• Internet banking
• Quarterly statements
• Email statements
• One free chequebook per quarter.
• ATM usage.
• Branch transactions.
• Payment of utility bills.
• Contact center
• Balance enquiry through ATM.
• Mobile alerts.
• Replacement charges for ATM/ Debit cards.
• POS transactions (Debit card swipe)
• Issuance of annual TDS certificates.

Other benefits :


• Competitive rates on conversion of foreign currency.
• Competitive rates on G-Sec transactions.
• Concessions in transaction and service charges.

Documentation

Documentation needed  for opening of current/ savings/ FD account:


• Trust Deed
• Certificate of Registration in case of Registered Trust.
• Verification from an existing Banker that complies with similar KYC procedures.
• Clear mandate on operating instructions.
• Power of attorney granted to transact business on its behalf.
• Resolution of the managing body of the foundation/ association.
• Any officially valid document to identify the trustees, settlers, beneficiaries, PA holders, founders/ managers/ directors and their addresses.

Required account-opening forms can be downloaded from the internet, or collected from any of our branches.

Documentation needed for CSGL accounts :


• Board /Trust –Resolution for opening CSGL account with the Bank.
• Memorandum and Articles of Association (Certified True Copy).
• List of Specimen Signatures of the Authorised Signatories /Persons Authorised to operate the Current a/c / Savings a/c and the CSGL account.
• PAN Card (Firm / Company / Trust / Individual(s) / Partners /Directors / Mandate holders)
• Open a Current a/c with the designated branch (if not already opened) to route the fund transactions. Account opening forms may be obtained from the Designated branch.
• Certificate of Registration viz  Licences issued by Statutory Authorities such as RBI, SEBI etc.