Savings Account
A savings account is an interest-bearing deposit account. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.
A savings account is a basic type of bank account that allows you to deposit money, keep it safe, and withdraw funds, all while earning interest on balance of daily basis.
Minimum Balance to be maintained in the Account is Rs 1000/- , if violated Charges will be applicable.
Bank allows opening of SB accounts for the following category
- An individual in his own name
- More than one person in their joint names
- A guardian on behalf of the minor
Initial Amount to Open Savings Account:
- Rs.1000
Rate of interest :
- SAVINGS BANK ACCOUNT 3.00%
Benefits :
- Passbook Facility
- Any Branch Banking
- RTGS/ NEFT Facility
- SMS Alerts
- E-Statement facility
- Cheque Book Facility
- Standing Instructions
General Rules :
- Bank reserves the right to close any account, if cheque drawn are returned unpaid frequently for want of funds or the account is considered as Irregular / non-satisfactory.
- Account not operation for more than two years will be treated as inoperative / dormant account.
- Bank reserves the right to alter, amend and rescind the rules from time to time.
- Nomination facility available and Mandatory.