Savings Bank Account

Savings Bank Account

ELIGIBILITY                                                  
  • Individual – Single Accounts
  • Two or more individuals – Joint Accounts
  • Illiterate persons
  • Blind persons
  •  Associations, Clubs.
  •  Trusts
  •  HUF
  •  Institutions/Agencies/ Societies/Government Departments specially permitted by RBI.
TYPE OF ACCOUNT
  • With/Without Cheque facility
MINIMUM BALANCE REQUIREMENT
  • R/SU – With Cheque facility – Rs.1000/- & Without cheque facility- Rs.500/
  • M/U   – With Cheque facility – Rs.2500/- & Without cheque facility – Rs.1000/-
MAXIMUM AMOUNT
  • No limit
NON- MAINTENANCE OF MINIMUM BALANCE
  • Amount of shortfall to minimum balance required
SALIENT FEATURES
  • 20 leaves free in a calendar year for cheque operated Savings Bank accounts.
  • Personalized cheque book.
  • Rupay ATM cards/ Debit cards provided free of cost.
  • 50 withdrawals permitted free per half year.
  • ECS/RTGS/NEFT facilities available.
  •  Demat, Locker & Credit card facility available
VALUE ADDITIONS
  • No TDS on interest earned on SB deposits.
  •  Nomination facility available
INTEREST RATE
  • Financial quarters on a daily product basis @3.50% p.a, at present
SERVICE CHARGES
  • As per latest service charges notification

 

( Last modified on Oct 30, 2021 at 05:10:32 PM )

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