SAVINGS BANK ACCOUNT

SAVINGS ACCOUNT ELIGIBILITY

Individuals, Joint accounts, Minor accounts, Blind, Illiterates, HUF, Trusts, Executors and Administrators, Govt. bodies, Semi-Government Departments, Recognized PF Accounts, Capital Gain Accounts, Non-Corporate bodies viz.,, Clubs, Societies, Associations, Schools etc.,

MINIMUM BALANCE

Average Monthly Balance of Rs. 1000/- for Semi-Urban/Urban/Metro branches and Rs. 500/- for Rural branches.

REQUIREMENTS FOR OPENING ACCOUNT

Application in the Banks’ prescribed form, Proof of identity, Address proof, Passport size photograph.

NATURE OF DEPOSIT

Running (Operative) account

SAVINGS ACCOUNT INTEREST RATE

As applicable to Savings Bank Accounts(click here )

PERIODICITY OF INTEREST PAYMENT

Interest is calculated on the daily balance maintained in the account and credited to SB accounts on 1^st February, 1^st May , 1^st August and 1^st November every year

SPECIAL RATE FOR SENIOR CITIZEN

Not applicable

SPECIAL RATE FOR BULK DEPOSITS

Not applicable

TDS

Not applicable

NOMINATION FACILITY

Available

LOAN AGAINST DEPOSIT

Not permitted

OTHER FACILITIES

ATM-cum-Debit Card, Pass book/Pass sheet, Nomination, Standing Instructions, Cheque Collection, Internet & Mobile Banking etc.

APPLICATION AND DOCUMENTS

Application in the Banks’ prescribed form
Specimen Signature Card
Copy of PAN Card / Form 60 or 61 (if customer does not have PAN Card)
Photograph of depositor/s (2 copies)
Proof of Identity & address as per KYC Norms
Any other related documents applicable to Students, Minor, HUF, Trusts, Association etc.
Proof of identity and address as per KYC Norms- Only the following documents will be acceptable (for individuals):
(1) Passport
(2) Driving License
(3) PAN Card
(4) Voter Identity Card issued by the Election Commission of India
(5) Job card issued by NREGA duly signed by an officer of State Government.
(6) Letter issued by the Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar number.