Premium Service for Premium Society

Comprehensive financial solutions for Cooperative Societies.

Our Premium Society Account is designed to be your best companion in your society management, offering a tailored services for Housing and Cooperative Societies. It offers a perfect blend of administrative convenience and security your society's funds. Experience dedicated support and banking service that simplify collection and maintenance.This account provides a transparent framework for managing corpus funds and monthly dues, ensuring all records are clear and accessible. We offer a reliable digital platform to streamline your society’s payment obligations and vendor settlements with precision. Our goal is to partner with your managing committee to provide a stable financial foundation that supports the long-term well-being of your Society.

  • Personal Service
    Personal Service

    People-centric Banking

  • Free Insurance
    Free Insurance

    Life & Accident Cover

  • Digital Services
    Digital Services

    Mobile Banking, UPI

  • Debit Card
    Debit Card

    Rupay Classic, Platinum

  • Minimum Opening Balance Rs.1000/-

  • Exclusively designed for Co-operative Housing Societies and Welfare Associations.

  • Free generation of customised Bills and Receipts of the society.

  • Free periodic flatwise statements of Billing and Receipts.

  • Free Chequebook, Payorder, Demand Draft for society-related expenses.

  • Real-time SMS alerts and free E-statements to keep the managing committee updated on every transaction.

  • Free online payment collection from member account at Bharat Bank or from other Bank.

  • Direct collection/payment through digital platforms.

  • Free Cheque Drop Box.

  • Co-operative Housing Societies (Min 50 members)

  • Resident Welfare Associations (RWA).

  • Commercial Societies/Federations.

  • Copy of the Society's Registration Certificate.

  • Certified copy of the Bye-laws of the Society.

  • Resolution of the Managing Committee to open and operate the account.

  • PAN Card of the Society.

  • Photographs and OVDs (Aadhaar/Passport/Voter ID) of the authorized signatories.

  • Who can open a Premium Society Account?It is available to all registered Cooperative Housing/Commercial Societies and Welfare Associations.

  • Are there charges for maintenance collections? No

  • Do we get a free cheque book? Yes, Premium Society accounts are eligible for unlimited free cheque leaves for official use.

  • Can we issue Demand Drafts for free? Yes, the issuance of DDs and Pay Orders for society-related payments is completely free of charge.

  • Is there a locker facility available? Yes, societies can avail locker facilities.

  • Minimum Balance Charges : NIL

  • Cheque Book Charges: NIL (Unlimited Free).
  • Demand Drafts / Pay Orders: NIL.
  • SMS Charges on cheque / Transfer / NEFT / CASH / Standing Instruction feeding : NIL
  • Account Closure: NIL (if closed after the initial 14-day cooling-off period).