Frequently Asked Questions
At Daivadnya Bank, we view banking as a way to build lasting relationships within our community. For over 50 years, we’ve been a trusted financial partner, offering personalized and innovative banking solutions to meet the needs of our members. As a cooperative, we’re more than just a bank – we’re a community-owned institution where every member has a voice and benefits from our shared success. We are dedicated to empowering our members with comprehensive financial services, digital convenience, and a strong commitment to local economic growth.
Opening an account with Daivadnya Bank is a simple and straightforward process:
Required Documents:
- Proof of Identity (Aadhaar Card, PAN Card, Passport)
- Proof of Address (Utility Bill, Rent Agreement, Aadhaar Card)
- Passport Size Photographs
- Completed Account Opening Form
Steps:
- Visit any of our branch locations
- Bring original and photocopies of required documents
- Fill out the account opening form
- Submit documents with initial deposit
- Complete KYC verification
- Receive your account details and welcome kit
We offer various account types including Savings, Current, and Salary accounts to suit different needs. Our relationship managers will guide you through the entire process and help you choose the most suitable account type.
Daivadnya Bank stands out through our unique cooperative banking model:
Community-Owned Structure:
- Established in 1974
- Owned by members, not external shareholders
- Profits are shared with members through dividends
- Local decision-making that understands community needs
Key Differentiators:
- Personalized banking experience
- Lower service charges
- Flexible loan terms
- Strong focus on community development
- Transparent operational practices
- Member-centric approach to financial services
Unlike large commercial banks, we prioritize our members' financial well-being over maximizing corporate profits. Every member has a voice in our bank's operations.
We provide comprehensive digital banking solutions to make your banking experience convenient and secure:
Online Banking Features:
- 24/7 Account Access
- Fund Transfers (NEFT/RTGS/IMPS)
- Bill Payment Services
- Account Statement Downloads
- Loan Application Tracking
- Fixed Deposit Management
Mobile Banking App:
- Secure login with biometric authentication
- Real-time transaction alerts
- Cheque book request
- Instant balance enquiry
- Location-based branch and ATM finder
- Quick money transfer options
Security Measures:
- Two-factor authentication
- End-to-end encryption
- Transaction monitoring
- Instant OTP verification
- Ability to set transaction limits
- Option to instantly block/unblock debit cards
Our digital platforms are designed to provide maximum convenience while ensuring the highest standards of security for your financial transactions.
