Our Account Types
The Rashtrakuta Souharda Co-operative Society Limited offers a range of account types designed to meet the financial needs of individuals, families, businesses, and institutions. Whether you are looking to save regularly, manage business transactions, or become a member through share subscription, we have the right account for you.
Savings Account
A feature-rich savings account designed for individuals seeking secure savings with easy access to funds and modern banking conveniences.
- Free ATM/Debit card
- Internet & mobile banking
- RTGS/NEFT/IMPS facility
- No minimum balance (basic account)
Current Account
A robust current account built for businesses and traders who require unlimited daily transactions and advanced banking facilities.
- Unlimited transactions
- Overdraft facility available
- Multi-city cheque facility
- Free RTGS/NEFT transfers
Salary Account
A zero-balance salary account tailored for salaried employees with exclusive banking benefits and preferential loan rates.
- Zero minimum balance
- Free international ATM/Debit card
- Preferential loan interest rates
- Auto salary credit facility
Children's Savings Account
A dedicated savings account designed for children's future, operated by parent or guardian with attractive interest rates and special benefits.
- Operated by parent or guardian
- Attractive interest on balance
- Encourages savings from early age
- Passbook facility included
Share Membership
Become a valued member of the Rashtrakuta Souharda Co-Operative Society by subscribing to share membership and gain access to exclusive banking and financial services.
- Access to all deposit facilities
- Eligibility for all loan products
- Participation in society programs
- Voting rights at general body meetings
Inoperative Accounts
Accounts with no operations for two or more years are classified as inoperative. Learn about the policy, charges, and how to reactivate your account.
- No operations for 2+ years classified inoperative
- Service charges may be levied
- Amount transferred to DEAF after 10 years
- Reactivation requires KYC documents
DEAF Account (Depositor Education and Awareness Fund)
Accounts unclaimed for 10 or more years are transferred to the Depositor Education and Awareness Fund (DEAF) maintained by RBI as per regulatory guidelines.
- Unclaimed for 10+ years transferred to RBI DEAF
- Interest accrued at savings rate
- Depositor/nominee can claim at any time
- Bank assists in claim process