Eligibility

The savings Bank accounts can be opened by the person/s who are competent to enter in to a valid agreement, in his / her name; by two or more persons in their joint names payable to : both or all of them or the survivor or survivors of them; OR either or any more of them or the survivor or the survivors of them; OR - former / latter or survivor of a particular person during his lifetime or survivors jointly or survivor.( Certain non-profit welfare organizations are also permitted to open Savings bank accounts with the Bank as stipulated in the RBI Master Circulars on Maintenance of Deposit Accounts). Minors can also open an account. Like all the accounts, SB accounts are also having the nomination facility ,  Rupay  Debit card,IMPS,UPI etc.

Account Opening

Should submit the dully filled & signed Account opening form along with;

Specimen Signature. 

Photograph of the A/C holder. 

ID proof of operator as per KYC norms.( (a) Passport (b) Ration card containing Photograph (c) Driving License (d) PAN card (e) Voters Identity card (f) A ADAR by the Government of India.) 

Address proof – electricity bill, telephone bill, passport or voter ID. 

Business proof from local bodies/ partnership deed / trust deed/ Articles of association / Registration Certificate / byelaws / minutes copy / authorisation letter whenever applicable. Proper introduction PAN card copy / Form 60 Initial deposit

Minimum Balance

 - Rs. 500/- for non-cheque book account -Rs.1000/-for cheque book account

Withdrawals 

 - The balances in the SB account shall be withdrawn either using the cheque leaves from the cheque book issued to the customer or by the withdrawal slips available across the counter.We issue CTS cheque book can withdrawn either by cheque or widraw by slip

Rate of Interest

 - The rate of interest offered to the SB account ar present 3% and it may vary.

Standing Instructions

 - Standing instruction facility such as payment of LIC etc. can be availed in SB accounts

Closing of the Account 

 - The SB Account opened with the Bank can be closed on the request of the account holder / holders to the concerned branch. In the occasion of the closure, the applicant /s should mention the reason for closing the account in the request and all the unused cheques and pass book should be returned.

Dormant/Inoperative Accounts

 - The accounts which have not been operated over a period of two years would be treated as Inoperative accounts. a period of 10 years would be treated as Un operative accounts and will be transfered to the DEAF account of RBI.

Insurance 

 - Depositors along with insurance guarantee from DICGC up to 5 lakh