Saving Deposits

  • 1. Individuals
  • 2. Institutions
  • 3. Societies

Eligibility:

  • 1. Any person or persons and associations of individuals like Co-op. Societies, Institutions and Associations approved by the bank.
  • 2. Account may be opened individually by one person or by two or more persons in their joint names.
  • 3. Natural guardian i.e. father or mother can open account on behalf of a minor child/ward.

Initial Deposit for opening SB A/c

    • 1. With cheque book – Rs.1000/-
    • 2. Without cheque book – Rs.500/-

*This is also the minimum balance requirement for respective accounts.

Interest:

Interest will be paid @ 4% p.a. (half yearly) as per rules. Interest for the period Septem-ber to February and March to August will be calculated and credited in the months of March and September each year.

PASS BOOK:

Pass book will be supplied to every savings bank depositor showing the number of his account, name and address and transactions with date, amount and particulars.

Incidental charges:

      • 1. If a minimum balance of Rs.1000/- (with cheque book facility) is not kept, the bank will charge incidental charges at the rates as in force from time to time.
      • 2. Also refer to our Service Charges elsewhere on this site for other incidental charges.

Minimum requirement for opening A/C :

      • 1. Introduction by a person known and acceptable to the bank.
      • 2. 2 copies of latest photograph.
      • 3. Proof of identity and residence to the satisfaction of the Bank (Aadhar card, Passport, Driving Licence, Ration Card, Voters Card, Electricity Bill, etc.)
      • 4. Copy of PAN Card with original for verification.

General:

    The Bank reserves the right to alter, amend and rescind the rules from time to time.