Saving Account Scheme :
Any individual can open savings bank account singly or jointly. SB Account of
minors can be opened jointly with natural guardian/legal guardian. The applicant
should furnish identity and address proof as given in account opening form (CIF
for individuals), two photographs & PAN number/Form No. 60/61 while opening new
account. In case the customer is unable to give any documentary proof of
identity & address, to the satisfaction of the bank, the account can be opened
with the introduction from existing account holder who has been subjected to
full KYC procedure & having satisfactory operations in the account over six
Minimum banlance in the account
- Rs.100/- without cheque book facility
- Rs.500/- with cheque book facility
Nomination facility is available.
Interest is paid once in a year at prescribed rates. At present 3.5% p.a.
- The depositor can give standing instructions for transfer of funds from one
account to another account, RD account etc, Insc. Premium, loan installments.
- NO TDS
- Deposit Insurance Cover upto Rs.1.00 lac.