1. The applicant should be a member of a Koshi co-operative.

2. Savings account can be opened with an initial amount of at least Rs.500. For this the person opening the account will have to introduce himself/herself appropriately and sign the standard account opening form of the Koshi co-operative in the presence of an authorized officer. A person can open an account in English or Devanagari script by signing in any language other than Hindi, but for this he will have to sign the prescribed indemnity letter of the Koshi co-operative.

3. Is charged on the minimum amount in the account at the close of business on any day between the 10th to the last day of every calendar month, and is charged to the account holder at the end of quarter March, June, September and December or at the time of closing the account is deposited in the account.

4.Interest rate @6% per annum. No interest shall be paid in any account where the aggregate interest in any half year is less than Rs100.

5. A minimum amount of Rs 100 can be deposited in a savings account.

6. Ordinarily, the order drawn in the name of the depositor or the check and other forms payable to the bearer shall be recovered and Will be accepted for deposit in savings account. Members should, before depositing such cheques. Line it up It would be in their best interest to do so.

7. In case of no check book, a minimum deposit balance of Rs.500/- should be kept for the branch. The check book will be issued on the demand of the depositors. If check book facility is required, a minimum balance of Rs.1000/- should be maintained in the account. Service charges @ 1% p.m. will be levied in such accounts (in the months where the balance was less than the minimum deposit balance) in case the minimum balance of the above is not maintained in any month.

8. The account holders are expected to co-operate while operating their accounts. made in the record of Shall always bear the same signature as in his specimen signature.

9. Please contact our nearest office for information on other products, facilities charges etc.

10. In case of loss/destruction of the passbook, on written request by the customer, a duplicate copy will be provided by the Koshi co-operative after verification and correct identification on payment of the Koshi co-operative’s prescribed fee. (fixed fee- 100/- )

11. The Koshi co-operative is able to recover the interest or any other amount in excess in the same manner.