Any individual or corporate body can open Special Notice Deposit Account, which is an interest bearing deposit account, for a short period of time. However, 7 days of notice is required if the customer wishes to withdraw money from this account.
Up to 50 crore 3.50%
50 to 100 crore 3.75%
100 crore and above 4.00%
Cheque-book, Real time Online Banking facility.
Types of SND Account
Two or more persons jointly
Sole Proprietorship Concerns
Limited Companies (Both Public and Private)
Societies / Clubs / Associations / Local Bodies
Govt. / Semi Govt. Offices / Corporations / Autonomous bodies.
Name of applicant(s) together with name(s) of parents and spouse(s).
Present and Permanent Address.
Date of Birth
TIN (if any)
Duly attested photocopy of valid Passport / Employer’s Certificate / ID Card / Driving License /National ID Card or Certificate about credentials by the local Ward Commissioner / Chairman of Union Parishad. Two copies of recent passport size Photographs of account holder duly attested by the Introducer. One copy of Passport Size Photograph of Nominee duly attested by the Account Holder.
For opening of SND accounts for joint stock companies, associations and clubs etc.
(A) Duplicate of Registration or Incorporation (In case of Company or registered organization)
(B) Duplicate of the business start date certificate (only for public limited company)
(c) Duplicate of Memorandum and Articles of Association (in case of limited company), constitution and by-law (in case of association)
(D) Proposal of board of directors / managing committee / governing body meeting for account management)
(e) Certified copy of the names of directors / officials and their signature