Savings Bank Account


The object of the Savings Banks Account is to encourage depositors to save small sums from time to time. Interest is paid on the balance maintained at the rate specified by the Bank from time to time.

Who Can Open an Account :

  • An Individual in his/her name
  • More than one person jointly 
  • A guardian on behalf of minor in the minor's name
  • Any Registered Institution
  • Co-operative Societies

 

Documents required :

  • Duly filled Account opening form
  • K.Y.C form   More details
  • 2 nos Photographs (Passport Size)
  • Residential Proof any one of the following
    • Ration card
    • Passport
    • Election Identity card
    • Aadhaar card
    • Driving License (Bring Originals for verification)
  • Additional Documents for Institutions/Co-op soc.
    • Certified copy of resolution
    • List of office bearers
    • Letter from concerned authority to open an account
    • Registered Certificate
 
Interest Rate
 

Type of Saving Bank Accounts

Normal Savings Account:

  • There is no restriction on the amount of deposits that can be made to this account
  • Interest on the balance in savings bank account should be allowed on daily product basis and interest should be paid on half yearly basis.
  • Minimum Balance is Rs.500/-
  • Cheque Book facility will be provided on minimum balance Rs.1000/-
  • ATM Debit Card facility

Youva  Nedhi

  • Designed especially for children aged between 10 to 18
  • Account can be opened with zero balance
  • ATM Debit Card facility
  • No Check book Facility
  • One time withdrawal limit Rs.2500/-

No Frill

  • Account can be opened with zero balance
  • ATM Debit Card facility
  • No Check book Facility

Jan Dhan Yojana

  • No minimum balance is required
  • Customer will get RuPay debit card
  • Customer can avail Cheque book facility, on fulfilling the criteria as specified by Bank from time to time.
  • Conversion of account from any other scheme to this scheme is not permitted.
  • Customer need to provide regular KYC documents as per the prevailing KYC norms.