Sarva Haryana Gramin Bank
Sarva Haryana Gramin Bank was formed by the merger of two RRBs, Haryana Gramin Bank, Head Office, Rohtak (sponsored by Punjab National Bank) and Gurgaon Gramin Bank, Head Office, Gurgaon (sponsored by Syndicate Bank), as announced on November 29, 2013. The bank’s head office is currently located in Rohtak. Sarva Haryana Gramin Bank serves all 22 districts of Haryana State. Sarva Haryana Gramin Bank is the largest bank in the state of Haryana and one of the PNB-sponsored RRBs in terms of branch count. As of March 31, 2017, Sarva Haryana Gramin Bank had 630 branches in Haryana.
Bank ranked first in the state in the founding of Farmers’ Club, and the award was given to it by Sh. Bhupender Singh Hooda, Hon’ble Chief Minister of Haryana, on July 12, 2013, at a NABARD celebration in Chandigarh. Gramme Sabha meetings are held weekly at all of the Bank’s rural branches.
The key objective :
The Bank is devoted to meeting the financial needs of rural communities in order to help them become self-sufficient and to provide them with better and safer saving options, while also considering social responsibility and taking special care of the poorer sectors of society. The bank has been the largest provider to BPL families in the state by providing financial support under the Housing Board Scheme.
The key features :
- FUTURE OUTLOOK To enhance the bank’s credit deposit ratio, focus on housing loans, car loans, MSMEs, and KCC over 10 lacs.
- To promote microcredit dispensation through Self Help Groups, JLGs, and other channels.
- Making 100% financial inclusion a reality in the communities assigned to our bank in particular, as well as in the command area of all bank branches overall.
- The bank plans to broaden its loan activities in order to meet all of its clients’ productive and consumption demands in a hassle-free way using a holistic strategy.
How to open Sarva Haryana Gramin Bank account ?
Visit Sarva Haryana Gramin Bank
If you want to open an account with Sarva Haryana Gramin Bank, you must do so at one of its branches. The bank does not have the option of creating an account online. So the Sarva Haryana Gramin Bank online account opening process is not possible. Accounts are only opened through an offline process.
Choose between Saving account or Current Account
If you are a retail customer, you can open a minor, personal, joint, or HUF account with the bank. If you are a corporate client, you can create a current account with the Sarva Haryana Gramin Bank. Select an account type which best suits your needs.
Get Account Opening form
Based on your needs, request an account opening form from the bank. The forms for current accounts and savings accounts in banks differ.
Fill out the Sarva Haryana Gramin Bank Account Opening Form
Now, fill out the Sarva Haryana Gramin Bank Account Opening form with the personal information required to start a bank account. The form normally requests information such as Pan Card number, name, address, current address, and KYC details.
Attach Your KYC Documents
You must provide your KYC documents as part of the savings account application process. If you want to open a Sarva Haryana Gramin Bank current account, you will need to submit additional papers. Minor accounts require guardian documentation.
Submit Documents and Account Opening Form to the Bank
Now, submit all of your documents in order to open an account. The bank personnel will check your paperwork. Generally, bank employees verify documents after seeing the originals. You must sign in documents in the presence of Banking staff. It is a routine banking practice called KYC.
Give another bank cheque or deposit cash into the account
Generally, banks prefer to accept checks from customers. Give them a cheque from any other bank to start an account. In rare situations, usually in rural branches, they accept cash to start an account. These restrictions apply to all Indian banks. Banks now accept online payments to open bank accounts. However, these services are only available through certain banks.
Get your Account Opening Kit
You will receive an account opening kit specific to your Sarva Haryana Gramin Bank account. In many circumstances, the account opening package arrives via courier service.
Sarva Haryana Gramin Bank Loan Products
Education Loan Scheme – SHGB Vidya Purti
- The Sarva Haryana Gramin Bank Vidya Purti scheme can assist you pursue higher education.
- After completing the HSC (10+2), meritorious students who have been admitted to recognised institutions through an entrance test/merit-based selection process are eligible for financial assistance.
- Reimbursement of fees paid within the last six months.
- Loans of up to 4 lakh do not demand any margin or security.
- Flexible payback terms of up to ten or fifteen years.
- Top-up loans for additional education.
Home Loan
- Purchase your dream home through the Sarva Haryana Gramin Bank Housing Loan Scheme.
- Eligibility – Individuals or groups of individuals with an assured or regular source of income.
- Purpose: Purchase of a house or flat, building, repairs, refurbishment, etc.
- Margin – 15 to 25 percent
- Lending rates linked to the repo market.
- Applicants with a CIBIL score of more than 750 are eligible for a lower interest rate reward
- Repayments for up to 30 or 70 years of age.
- Takeover of house loan accounts from other banks/financial institutions.
- Borrowers of house loans can now access an additional overdraft for personal expenses.
SHGB Car loan Scheme
- The Sarva Haryana Gramin Bank Car Loan Scheme allows you to purchase a new or used car, SUV, MUV, van, or Jeep.
- The minimum net monthly wage, income, or pension required is Rs 25000/-.
- The income of parents, spouses, and children might also be considered for qualifying.
- Bank loans up to 85% of the on-road pricing.
- Flexible repayment terms of up to 84 months or till 70 years of age.
Personal Loan scheme – SHGB SAHYOG
- Loan up to 15 times your gross monthly earnings to cover a variety of personal necessities.
- Flexible repayment choices for up to 60 months.
- Documents necessary include the most recent salary slip, Form 16/ITR for the previous two years, and a 12-month salary account statement.
- Sarva Haryana Gramin Bank offers specialised personal loan schemes for doctors. Doctor’s Delight.
- Practicing/serving doctors (MBBS/BDS and above) with a net annual income/salary of Rs 5 Lacs or more.
Sarva Haryana Gramin Bank Deposit Products
Recurring Deposits
- Individual (alone or with others).
- Minors who have reached the age of ten years or older must provide proof of age.
- Minors under the care of a natural or legal guardian under the age of ten years.
- Proprietorship/Partnership Firm, Commercial Organisation, Company or Corporate Body.
- Hindu Undivided Family.
- Associations, clubs, societies, trusts, and religious or charitable educational institutions,
- Municipality or Panchayat, a government or quasi-government organisation.
- Illiterate and blind people can also open accounts.
- 100/- or multiples thereof.
Fixed Deposits
- Individual (alone or with others). Minors who have reached the age of ten years or older must provide proof of age.
- Minors under the care of a natural or legal guardian under the age of ten years.
- Proprietorship or partnership firm, commercial organisation, company or corporate body.
- Hindu Undivided Family.
- Associations, clubs, societies, trusts, and religious or charitable educational institutions,
- Municipality or Panchayat, a government or quasi-government organisation.
- Illiterate and blind people can also open accounts.
- Minimum deposit of Rs.100/-, subsequently in convenient multiples of any amount up to Rs.99.99 lac.
Saving Accounts
- Eligibility: The Saving Fund account may be opened by an INDIVIDUAL, either alone or jointly, minors aged 10 and up, or minors under natural/legal guardianship. An illiterate or visually impaired individual can also open a Savings Fund account under the plan, subject to the same precautions.
- Minimum balance requirement: This account will not require a minimum balance. For these accounts, the minimum/initial balance requirement is ZERO.
- KYC Compliance: The account will be subject to the RBI’s Know Your Customer (KYC)/Anti Money Laundering (AML) guidelines for creating bank accounts, which are issued on a regular basis.
- check Book Issuance: A check book with 20 leaves may be issued for free (at the discretion of the branch incumbent) once a year. Following that, normal chequebook charges would apply.
- Extent of transactions/operations permitted: a) There will be no limit on the number of deposits made in a given month. b) An account holder may withdraw a maximum of four times a month, including ATM withdrawals.
- Debit Card/ATM Card: The ATM-cumDebit cards will be free of charge. However, the annual maintenance payment will be recovered.
- Nomination: All standard nomination rules would apply in this account.
Joint Accounts
- A joint account is a bank account shared by two or more people.
- Joint account holders have equal access to funds, but they also bear equal responsibility for any fees or charges incurred.
- Transactions involving a joint account may require the signatures of all participants or just one.
Sarva Haryana Gramin Bank Digital Products
Mobile Banking
Mobile banking (also known as M-Banking, SMS Banking, etc.) is a word used to describe the process of doing balance checks, account transactions, payments, and other tasks using a mobile device such as a mobile or cell phone. You can do your banking from the palm of your hand, anywhere, and at any time. This app allows access to Sarva Haryana Gramin Banking Services. It allows its users to access the various banking functions over a secure connection. The programme is compatible with Android versions 4.4 and higher. The list of functionality released with the current version of mobile banking is as follows.
- Accounts
- Account Balance (Operative, Loan & Deposit)
- Mini Statement
- Transaction History
- Transaction
- Self Funds Transfer
- Third Party Transfer
- NEFT
- Schedule Transactions
- My Profile
- Beneficiaries
- View Payees
- Add Within Bank/Outside Bank Payees
- Delete Payees
Transaction limits for transactions through Mobile Banking:
Mode | Transaction Limit |
---|---|
IMPS | ₹ 5 lakh per day |
NEFT | ₹ 5 lakh per day |
Intra-bank | ₹ 5 lakh per day |
Self linked accounts | ₹ 5 lakh per day |
Quick Pay (without adding payee) | ₹ 10,000 per transaction, Maximum 3 transactions per day |
Download Mobile App | Google Play Store | Apple App Store |
UPI
It is a platform where users may fetch and place all of their accounts maintained with various banks and transact through these accounts. UPI enables you to transfer money between any two parties via smartphone using a payment identifier such as a virtual address and an account number + IFSC.
IMPS
Transferring funds in real time and 24X7X365 interbank was a significant difficulty in the banking business. During banking hours, consumers could only transfer funds via NEFT or RTGS. Immediate Payment Service (IMPS) was publicly launched on November 22, 2010 by Smt. Shyamala Gopinath, DG RBI, in Mumbai, and is currently available to the Indian public.
IMPS provides a powerful and real-time financial transfer service that is available 24 hours a day, seven days a week, using a variety of channels such as mobile, internet, ATM, and SMS. IMPS is an innovative service that allows for the rapid movement of cash between banks in India, which is both safe and cost-effective. Currently, there are 644 active IMPS members, including banks and PPIs.
This functionality is offered by NPCI via its current NFS switch. The eligibility criteria for banks to participate in IMPS include having a valid banking or prepaid payment instrument licence from the Reserve Bank of India.
NEFT/RTGS
With the development of online payment methods and greater technology usage among customers, transferring payments from one bank account to another has become nearly effortless. Users can select any of the numerous payment methods based on the amount to be transferred, the time period for crediting the receiver’s bank account, and so on.
NEFT and RTGS are two of the several fund transfer options available to consumers. Both approaches offer pros and disadvantages and are appropriate for all users, depending on their needs.
Limits for Individual Users are as follows
- Mobile Banking: 1 Lakh per day
- NEFT : No maximum and minimum Limit
- RTGS : minimum 2Lakh and maximum no limit