Important Instructions:

• The Savings Bank Account is essentially an account to build up savings and should be used to route transactions of only non-business/ non-commercial nature. It should not be used as a Current Account. If the Bank at any stage finds that the Savings Bank Account is being used either for the purpose for which it is not allowed or for the purpose of routing transactions which are suspicious or not commensurate with the line of business or activity or occupation of the account holder, the Bank reserves the right to inquire in to such transactions, report to the regulatory authorities as required under the law and also close such Savings Bank account.
• Dormant Account:- If there are no customer-induced transactions in the account for a period of two years, the account will be treated as an dormant account. The service charges levied by the Bank and/or interest credited by the Bank would not be considered as customer induced transactions. The customer should thus transact in the account periodically, so that it does not become dormant.
• Satisfactory conduct of the account entails maintaining stipulated minimum average balance as well as sufficient balance to honour cheques issued to third parties. If there are high incidences to the contrary, the Bank reserves the right to close the account under intimation to the customer.
• In respect of Anywhere Banking facility and At Par Cheque facility service charges shall be levied as stipulated for these facilities.
• Any change of address should be immediately communicated in writing to the Bank.
• Opening of the Savings Account shall be construed as to the deemed acknowledgement and acceptance of the rules & regulations, terms & conditions, service charges etc., in relation to the Savings account product
• Fees and charges are subject to change at the sole discretion of the bank. All the amounts should/will be in INR
• Above mentioned charges are exclusive of GST and will be levied additionally as applicable from time to time. All the amounts should/will be in INR. The Bank shall be governed by the above rates and the subsequent changes in the said rates by the Government from time to time.
• Doorstep Banking facility is depending on availability, if available, is provided within municipal city limits.
• Waiver of or non-levying of AMB maintenance charges shall be applicable only if the FD of required amount or above is maintained and the primary holder of the account and FD is the same.
• Facilities mentioned above are as per availability from time to time and location to location
• In case of various charges like non-maintenance, cheque return, Debit Card fees etc, the charge shall be levied & recovered by the Bank on periodic intervals on monthly, quarterly, annual basis as applicable.
• In case of insufficient funds in the account, for recovery of charges, Suryoday SFB reserves the right to force debit or make repeated attempt(s) to recover charges due.
• Minimum Average maintenance on an account type shall not be applicable for the calendar month in which the account is opened.
• Duplicate / Adhoc Account Statement shall be provided at the request of the customer, free of charge, on the registered email id (as per Bank’s records). Printed / physical copy of Account Statement is charged.