The facility of Savings Bank Account is meant for cultivating the habit of saving by the individuals for their future needs. The transactions in the Saving Bank Account should be of non-business and non commercial nature.
Deposit Schemes
Savings Bank Account
Features
Individuals (singly or jointly), Professionals in their individual names, Clubs, Associations, Charitable trusts, Religious Institutions, Government bodies (established under specific Acts) can are eligible to open the Savings Bank Account.
Rate of Interest
Nomination facility
Cheque Book facility
Standing Instructions
3.25% Upto ₹ 50.00 Lacs
3.50% Above ₹ 50.00 lacs
Available
Available
Executed
Basic Saving Bank Deposit Account
The facility of Savings Bank Account is meant for cultivating the habit of saving by the individuals for their future needs. The transactions in the Saving Bank Account should be of non-business and non commercial nature.
Features
Rate of Interest
Nomination facility
Minimum balance
Maximum balance/ amount
As applicable to Savings Bank account, i.e. 3.5% p.a.
Available
₹ 0.00
₹ 50,000.00, If the balance exceeds ₹ 50,000.00, normal SB rules & levy of charges will be applicable
Important Information
- If there is no transaction by the account holder in the account continuously for 24 (twenty four) months, the account will be classified as a “dormant/in-operative account’, whereupon further debit transactions are not permitted in the ordinary course. A request for activation of the account has to be made by the customer by submitting latest KYC documents.
- Standing Instructions must be communicated to the Bank in writing. Otherwise, it shall not be binding on the Bank to comply with such instructions.
- At the request of the account holder, the account will be transferred from one branch to another branch in our Bank without levying any charges.
