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.
2. Section 25 Companies (as per Companies Act, 1956) or Section 8 Companies (as per Companies Act,2013)
3. Institutions/entities whose entire income is exempt from payment of income-tax under Income-Tax Act, 1961
4. 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 authorisation from the respective Government departments to open a savings bank account)
5. Development of Women and Children in Rural Areas (DWCRA)
6. Self-Help Groups (SHGs), registered or unregistered, which are engaged in promoting savings habits among their members.