Saving Account

Eligibility

Individuals :

Saving account can be opened by individuals in single name or joint name. Minor can also open account with the Bank. Guardian will operate account on behalf of Minor.

Initial & Minimum Deposit :

Rs. Rs. 500/- (without cheque book facility)
Rs. Rs. 1000/- (with chequebook facility)

Rate of Interest :

2.5% p.a. will be calculated on daily product basis and will be credited quarterly in a year on last day of June, September, December & March.

Facilities :

Cheque Book facility
Free SMS alerts
No ledger folio charges
Any branch banking facility including cheque deposit is available

Documents required as per KYC Guidelines :

Identity Proof - PAN Card, Aadhar Card, Driving Liecence, Voter Card, Passport (Any one of these)
Address Proof - Aadhar Card, Electricity Bill, Telephone Bill, Ration Card, Letter from employee, Driving Licencr, Passport (Any one of these)

Basic Savings Bank Deposit Account (BSBDA) :

This account shall not have the requirement of any minimum balance.
Facility of ATM card will be given.
The services available will include –

Deposit of cash at bank branch.
Withdrawal of cash at bank branch as well as ATM.
Receipt/ credit of money through electronic payment channels.
Deposit/ Collection of cheques drawn by central/ state Govt. Agencies and departments.
There will be no limit on the number of deposits that can be made in a month.
Maximum of four withdrawals including ATM withdrawals will be allowed in a month.
Passbook can be issued.
The above facilities will be provided without any charges.

All the instructions issued by RBI regarding know Your Customers (KYC) norms/ Anti Money Laundering (AML) are required to be fulfilled while opening the BSBDA.