Societies registered under the Societies Registration Act, 1860, or any other corresponding law in force in a State or a Union Territory, except societies registered under the State Co-operative Societies Acts and specific state enactment creating Land Mortgage Banks

Section 25 Companies (as per Companies Act, 1956) or Section 8 Companies (as per Companies Act, 2013) Institutions/entities whose entire income is exempt from payment of income-tax under Income-Tax Act, 1961

Government departments/bodies/agencies in respect of grants/ subsidies released for implementation of various programmes/ schemes sponsored by Central/State Government (subject to production of an authorization from the respective Government departments to open a savings bank account)

Development of Women and Children in Rural Areas (DWCRA)

Self-Help Groups (SHGs), registered or unregistered, which are engaged in promoting savings habits among their members