JAGRUTI CO-OPERATIVE URBAN BANK LTD

We give priority to customers’ needs of Personal Banking at Iagruti Bank with our innovative, attractive, technology enabled products and services which not only compete with other Bank's products but also bring a feasibility, ease of transactions to our customers.

We offer a bunch of Personal Banking Products like:

• Saving Accounts
• Current Accounts
• Term Deposit Products
• Various Personal Loan Products

All our personal banking products come with friendly features and attractive interest rates. We help you fulfill your dreams with our Products i.e., Car Loans, Home Loans, Business Loans, Education Loans. Our Personal Banking services are different, suiting the needs of every customer. After all a satisfaction on your face that is what we wish to see.

Savings Bank Account

A rupee saved is a rupee earned – Save with Jagruti Bank.

Savings Bank Account gives you an opportunity to set aside a portion of your small savings that provides you with hassle free access to your money while earning a monetary return.

Features:

• Minimum balance (without cheque book facility) – Rs.500/-
• Minimum Balance (with cheque book facility) – Rs.1000/-
• SMS Alerts on your mobile
• Savings Bank Interest Applied on Daily Products.
• Cheque Leaves with CTS 2010 standard are issued.

Requirements:

• 2 Photos
• Introduction from existing Current Account holder / Customer of the Bank.
• PAN Card
• Address proof (you can provide any of the following)
  • Aadhar Card
  • Ration Card
  • Driving License
  • Voter Card
  • Passport
  • Electricity Bill
  • Telephone Bill
  • Gas Connection Slip
• Identification proof (you can provide any of the following)
  • Ration Card
  • Driving License
  • Voter Card
  • Passport
  • PAN Card
• For Partnership Firm / Public or Private Limited Companies other required Annexures

Download the Application Form here

Current Account

Current Account can be opened by Individuals / Businessmen / Proprietorship concerns/ Partnership Firms / Public Ltd., or Private Limited Companies.

Features:

• No restriction on transactions either in number or in amount.
• Minimum balance required for opening of the account – Rs.2,500/-
• SMS Alerts on your mobile
• Savings Bank Interest Applied on Daily Products.
• Cheque Leaves with CTS 2010 standard are issued.

Requirements:

• 2 Photos
• Introduction from existing Current Account holder / Customer of the Bank.
• PAN Card
• Address proof (you can provide any of the following)
  • Aadhar Card
  • Ration Card
  • Driving License
  • Voter Card
  • Passport
  • Electricity Bill
  • Telephone Bill
  • Gas Connection Slip
• Identification proof (you can provide any of the following)
  • Ration Card
  • Driving License
  • Voter Card
  • Passport
  • PAN Card
• For Partnership Firm / Public or Private Limited Companies other required Annexures

If you need any clarification regarding our services, we are here to explain them. Feel free to ask any queries.

Download the Application Form here

Fixed Deposits

Deposits are accepted ranging from 181 days to 10 years and the maturity amount will be paid at the end of the period at an attractive rate of interest.All individuals / associations etc, are eligible to open the Fixed Deposit Account. Fixed Deposits can also be accepted for any period in multiples of complete months or even periods also. For Rate of Interest Click Here. Download the Application Form here

Jagruti Automatic Renewal Scheme(JARS)

Short Term Deposits of 181 days duration are accepted under this scheme and will be automatically renewed together with interest for another 181 days at the time of maturity, if NO specific instructions are received from the depositors. For Rate of Interest Click Here.

Fixed Deposits – MIS/QIS and YIS

Deposits are accepted ranging from 1 year to 10 years and the interest is paid at regular intervals (monthly,quarterly,half and yearly) at an attractive rate of interest. All individuals / associations etc. are eligible to open the Fixed Deposit Account. Fixed Deposits can also be accepted for any period in multiples of complete months or even periods also.

Recurring Deposits

• The Scheme is aimed at mobilizing the savings of Salaried Employees and Wage earners
• Helps depositors to plan their savings in order to meet their future contingencies like marriage expenses, higher education, retirement etc..
• Under the scheme, depositor shall pay every month a specified amount for a specific period in order to receive the targeted amount on the date of maturity.
• Deposits are received for definite periods of 12,24,36,48,60 months for completed months.
• Deposits can be opened independently or in joint names or by a firm / company / association.
• Monthly instalments and period of the deposit cannot be altered subsequently under any circumstances.
• Loans can be granted at the discretion of the Bank subject to margins and rate of interest prescribed by the Bank.

Interest Rates on Term Deposits W.E.F 15/11/2022

• Note: No premature closure charges. Interest Rate is as applicable for the period, the deposit with the Bank.
• Savings Bank Interest Rate: 4% p.a.