Personal AccountsTrust/NGO Savings Account

Trust/NGO Savings Account

Thoughtful banking for people who spend their lives thinking of others

Need special banking for special causes?

Axis Bank's Trust Account is an effort to offer thoughtful banking for people who spend their lives thinking of others. It is a complete banking solution for Trusts, Associations, Societies, Government Bodies, Section 25 companies and NGOs, so that the organisations can devote all of their time to their noble motivations.

Features

A Savings Account for your Trust with a concessional Average Quarterly Balance
A multi-city at-par cheque facility with no limit on clearing payments at centers across the country wherever we are present.
Free Anywhere Banking across all our Branches and Extension Counters and over all our ATMs.
Free Demand Drafts or Pay Orders as and when required by you to remit funds.
Free collection of cheques at outstation locations.
Free monthly e-statement
Monthly Statement of Account delivered at your doorstep.
Facility for collecting donations in your account through our network of Branches and Extension Counters across the country, as well as through iConnect - our Internet Banking facility.

Also, Axis Bank can offer the facility to donate funds to your Trust through our Internet Banking facility iConnect to its customers. An Axis Bank customer can donate any amount to your Trust through the Internet.

In such cases, the savings account of the customer gets debited and the savings account of your Trust gets credited with the amount of donation at the same time. At the end of every month, the Bank will provide an MIS giving details of the amount of donations and the name of donor. This will enable the Trust to issue receipts to the donors.
Free Internet Banking facility that enables you to view the status of your account, transfer funds and carry out a number of banking activities from the comfort of your home or office.
Investment Advice:
Our Financial Advisory Desk will provide portfolio management advice as well as help you undertake investments.
Free Demat:
To facilitate your investments, we offer a free Demat Account (charges due to NSDL must still be levied) to our esteemed account holders in the Trust or Society segment.
Constituent Subsidiary General Ledger (SGL) account:
The Constituent Subsidiary General Ledger (SGL) account through which investments in Govt. securities are carried out comes with a host of value-added services:

Investment advice related to the customer's g-sec portfolio
Offer of better rates on sale of government securities from the Bank's stock of securities
Concessions in transaction and service charges. (However charges that have to be directly passed on to the Clearing Corporation of India as part of the Negotiated Dealing System for trading in g-secs cannot be waved - a fact, which will be communicated up front.)

Foreign Contribution (Regulation) Act [FCRA] accounts:
The FCRA account enables approved organizations to receive foreign contributions for utilization in their activities in India. The Bank will provide assistance in the process of documentation and obtaining necessary approvals from Ministry of Home Affairs at New Delhi.