ABSOLUTE CONVENIENCE....... DOOR STEP SERVICE

You do not have to come to the bank or send your security guards and other society personnel to deposit cheques, collect statements of accounts etc. The Bank's representative will come to the society premises and collect the maintenance cheques 3 TIMES a month. You can specify the date(s) of collection based on your society's Bill due-date ,Bill generation date etc.

FREE ONLINE PAYMENT

Bharat Bank will collect the maintenance from the member's account at Bharat Bank or from other Bank through NACH Mandate. Members can also make the payment directly through digital platform.

SMS CONFIRMATION

Each member will receive SMS confirming collection of cheques.

HASSLE FREE ACCOUNTING

You do not have to prepare PAY-IN slips or maintain records and details of cheques received and bounced.

FREE BILL AND RECEIPT GENERATION

Issuance of Bills and receipts has always been a time consuming activity for the committee members of the society. With a Premium Society account, the bank will do this activity for the society, absolutely free of cost.

Bank will provide a detailed Bill-cum -Receipt as per the billing frequency of the society. The society can ask for monthly, quarterly, yearly bill generation. The bill is fully customisable and will contain component wise break up against each flat(For e.g Property taxes, Security charges, Sinking Fund, Repairs fund, Lift charges etc). The components will be as per the needs of the society.

FREE CHEQUE DROP BOX

Bank will provide a unique cheque drop box absolutely free of cost. Cheques deposited after due date will be charged penalty as per the penalty charges policy adopted by the society.

FREE STATEMENT OF BILLING - RECEIPT DETAILS

Bank will proved a periodic statements of Billing and Receipts details to the society containing flatwise billing and receipts data alongwith outstanding balance against each flat. On request, outstanding payments listing will also be provided by the bank free of cost. Society can also request for additional fee based customised reports like statement of account of 1 flat since say last 2 years containing billing, receipts, penalty, charges etc or duplicate bills etc.

FREE CHEQUE BOOK, PAY ORDER, DD

Bank will provide cheque books free of cost. The Society can issue unlimited cheques, Similarly Payorder and Demand Drafts too will be provided free-of -cost to the society.

BENEFITS TO THE SOCIETY

The society gets statement of accounts as well as bills and receipts. The Bank will provide statements of members outstandings, receipts, bills etc for audit purposes totally free of cost. No hassles of tallying and reconciliations. Thus you can RELAX with a Premium Society Account. The Bank will consider providing additional value added services to the society / members on continuity of a mutually satisfying banking relationship.

CRITERIA FOR PREMIUM SOCIETY ACCOUNT

Society or group of society or federation should have a minimum of 50 members to avail the facilities provided to premium society accounts. If the society does not fulfilling the above criteria, the bank on a case-to-case basis, will consider offering part of its bouquet of services free of cost or offer services at a nominal fee to such society.

HOW TO BEGIN

Society will provide ONE TIME data. The necessary forms will be provided by the bank. Alternatively society can provide data in an excel sheet file prepared by the bank. Once the data has been uploaded successfully, the bank will contact society personnel and will decide on the bill cycle.