Non-Trading Institutions Bank Account

Last updated on 29/12/2020 0 By indiafreenotes

Institutional Savings account can be opened by the following classes of applicants.

  • Agriculture produce market committees
  • Village industries and khadi board
  • Primary co-operative credit society which the bank is financing
  • Farmer’s clubs and Vikas Volunteer Vahini (VVV)
  • Registered or unregistered self-help groups (SHGs) which promote savings habits among people
  • Development of Women and Children in Rural Areas (DWCRA)
  • Government bodies, departments, agencies in respect of grants or subsidies granted for implementation of different schemes approved and sponsored by central or state government
  • Trust, association, club, charitable hospital. NGO and section 25 companies eligible to open a savings account as per RBI guidelines.