Resolution of the Society

(On the letter head of the society)

Certified true copy of the resolution passed by the management committee / governing body of
______________________________________ society in its meeting held on _____________
at _______________________________ of the society.
Re: To open new account and to authorise to operate the account.
Resolved that:

1) An account in the name of the Society under Society Value / Plus / Prime
Saving Account be opened with Saraswat Co-operative Bank Limited (“Saraswat Bank”) at
____________ branch.
OR
Existing account no._______________________________ to be upgraded to Society Value
/ Plus / Prime Saving Account.
2) The below mentioned persons are hereby authorized to open/operate the account/s with
Saraswat Bank with the mode of operation as Secretary with Chairman or
Treasurer________________________________.

Sr. No. Name of the Authorized Designation Signature

Signatories
1.
2.
3.

3) And that the Society accepts the terms and conditions for the Saraswat Bank Society Value
/ Plus / Prime Saving Account as stated in the Annexure/Declaration and any
other terms and conditions as may be notified by Saraswat Bank from time to time in connection
with the provision of products and services offered by Saraswat Bank through the Website and
Customer Care Services (phone banking channels and E mail).
4) Resolved further that the Saraswat Bank is hereby informed and authorised to honour all
Cheques made and signed on behalf of the society by the authorised signatories as per the
mode of operation stated above. And that Saraswat Bank be and are hereby authorized to
accept all valid and legal instructions from above authorised signatories in respect of the Society
account/s as per the mode of operation suggested above.
5) Resolved further that Mr./Mrs./Ms. ______________________________________
Mr./Mrs./Ms. __________________________________________________ and
Mr./Mrs./Ms. ______________________________________________ (Authorized Signatories)
of the society are hereby authorised to apply for ‘Corporate Internet Banking Services’ of the
Bank and the society do accept such terms, conditions, stipulation laid down by the Bank from
time to time for the purpose.
6) Resolved further, the above mentioned authorized officials be and are hereby authorized to
receive the login id and passwords, as may be sent by Saraswat Bank, for entering required
details for Corporate Internet banking and are authorized as per the mode of operation to
convey to Saraswat Bank acceptance on behalf of the Society of any details as well as to
entering details on behalf of the Society on Saraswat Corporate Internet Banking.
7) And that this resolution be communicated to Saraswat Bank and shall remain in force until
notice in writing of its withdrawal, or cancellation is given to Saraswat Bank by the Society and
accepted by Saraswat Bank.

8) Resolved further that the Users of Saraswat Bank Society Value / Plus / Prime
Saving Account & Corporate Internet Banking, abovenamed are authorized to avail and
use all the facilities offered by Saraswat Bank and any change in the office bearers and their
duties / roles will solely be the responsibility of the society & Bank will not be responsible / liable
for any transactions / activities carried by any of the authorized signatories jointly or otherwise
and the society shall hold the bank harmless and their interest protected on account of the Bank
executing such instructions given by above signatories.
9) Certified that the above is a correct copy of the resolution passed on
______________________ by the Members of the Managing Committee of
_______________________________________and that it has been entered in the usual
course of business in the minutes book of the Society and signed therein by any of the
Members and is in accordance with the Society’s Bye laws.
Certified True Copy
For _________________________________ CHS Ltd.

(Authorized Signatory)
Seal:
Place: _____________
Date: _____________