Email: utcbho@yahoo.co.in
Phone No: 0820 2521143
IFSC Code - UTIB0STCOBL
   
 

News and Events

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Services

  • Evening Counter Facility.
  • Higher Rate of Interest on Deposits.
  • Various Attractive Deposit Schemes.
  • Safe Deposit Lockers facility.

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Contact Us

Teachers’ Co-operative Bank LTD
Head Office: 4th Floor,
Baliga Towers, Near Bus Stand,
Udupi-576101.
Karnataka, India.
Phone No: 0820 - 2521143

 

Deposits Schemes

  • SAVINGS DEPOSITS
  • CURRENT DEPOSITS
  • FIXED DEPOSIT
  • KALPAVRAKSHA CASH CERTIFICATE
  • RECURRING DEPOSITS
  • MADHUSANCHAYA DEPOSIT

1. SAVINGS DEPOSITS
Savings Bank Account can be opened by   
a) An individual in his/her own name
b) Individuals in their joint names with suitable repayment instructions
c) Minor represented by parent/guardian
d)  Clubs, Societies, Associations, Trusts, Executors, Educational Institutions, Administrators, HUF, etc
Interest will be allowed at the rates decided by the bank/RBI from time to time, on the daily closing balance.
The prospective account holder should comply with the ‘Know Your Customer (KYC)’ norms by producing passport size photograph and one of the following documents in support of identity and address:

Proof of Identity

Address proof

Passport

Telephone bill

PAN Card

Bank Account Statement

Adhar Card

Letter from any recognised public authority

Voter’s Identity Card

Electricity bill

Driving licence

Ration Card

Identity Card subject to the Bank’s satisfaction

Letter from the employer subject to satisfaction of bank

Letter from a recognised public authority or public servant verifying the identity and residence of the customer to the satisfaction of the Bank

 

2. CURRENT DEPOSITS

Current account  can be opened by individual / HUF, a proprietary concern, a partnership firm, a company, a trust, a local body, Govt. department by signing prescribed account opening form(s) and with proper introduction, identification, address proof etc., accompanied by prescribed documents.
The prospective account holder should comply with the ‘Know Your Customer (KYC)’ norms by producing one of the following documents in support of identity and address:

Accounts of companies

- Name of the company


- Principal place of business

 


- Mailing address of the company


- Telephone / Fax Number

Certificate of incorporation and Memorandum & Articles of Association

Resolution of the Board of Directors to open an account and identification of those who have authority to operate the account

Power of Attorney granted to its managers, officers or employees to transact business on its behalf

Copy of PAN allotment letter
Copy of the telephone bill

Accounts of partnership firms

- Legal name

- Address

- Names of all partners and their addresses

 

- Telephone numbers of the firm and    partners

Registration certificate, if registered

Partnership deed

Power of Attorney granted to a partner or an employee of the firm to transact business on its behalf

Any officially valid document identifying the partners and the persons holding the Power of Attorney and their addresses

Telephone bill in the name of firm/partners

Accounts of trusts & foundations

- Names of trustees, settlers, beneficiaries   and signatories

- Names and addresses of the founder, the   managers / directors and the beneficiaries

- Telephone / fax numbers

Certificate of registration, if registered


Power of Attorney granted to transact business on its behalf


Any officially valid document to identify the trustees, settlors, beneficiaries and those holding Power of Attorney, founders / managers / directors and their addresses

Resolution of the managing body of the foundation / association

Telephone bill

3. FIXED DEPOSIT

This term deposit scheme is a fixed in nature and interest can be paid at regular intervals viz. monthly, quarterly, half yearly or yearly. The rate of interest depends on the period of deposit. It is an ideal deposit scheme for those who can plan for regular income.

4. KALPAVRAKSHA CASH CERTIFICATE

This is a most popular scheme in our Bank. It is a reinvestment Term Deposit scheme where the deposit amount grows rapidly as interest is compounded quarterly. The rate of interest depends on the period of deposit.

5. RECURRING DEPOSITS

One can save a fixed sum every month in this account and get a handsome lump sum amount on maturity. An ideal scheme for salary earners to build up a good sum in order to use it for future needs. The account can be opened by any individual or group of individuals or firms or companies etc. The maturity period will be from 12 to 120 months

6. MADHUSANCHAYA DEPOSIT

This Deposit is popularly known as "Pigmy" account. Our collection agents will visit account holder's place daily to collect the amount. A tiny amount deposited every day will grow into a substantial sum at the end of the deposit period.

Silent Features

  1. Nomination facility available.
  2. Premature withdrawal permitted.
  3. Loans permitted against deposits.
  4. Tax shall be deducted at source on the amount of interest paid/credited in the account as per the guidelines issued under the Income Tax Act from time to time.
  5. As per RBI guidelines, KYC of all account holders should be furnished to the Bank.

Insurance coverage on deposit up to Rs.1,00,000/- under Deposit Insurance and Credit Guarantee Corporation a wholly owned subsidary of the Reserve Bank of India.