SAVINGS
Savings bank account is opened for the purpose of savings for the future. Interest is paid on the balance maintained at per the rate specified by the Reserve Bank of India from time to time.
Eligibility
The Account can be opened by
- Individuals
- More than one person jointly
- Illiterate person
- Blind Person
- A guardian on Behalf of Minor in minors name
- Charitable/ Religious Institutions
- Trust, Clubs, Association
- Local Bodies, Primary Co-operative Societies or any other body
- Staff Members
Minimum Balance
Customer is required to maintain a minimum balance as follows:
- With Cheque book : Rs. 1000/-
- Without Cheque book : Rs. 500/-
Interest Rate
- 3 % Interest per annum for general
Documents Required
- Duly filled Account opening Form
- Latest 2 Photographs (Passport size)
- Introduction (Xerox copies of the following and Bring originals for verification)
- PAN – Permanent Account No. allotted by Income Tax Authority
- Residential proof (Any one or more of the following)
- Photo Identification Proof
- Additional documents for Charitable/ Religious Institutions, Trust, club, Associations, Cop- operative Societies & Local bodies
Facilities
- SMS on registered mobile for all transaction
- Half yearly interest for Saving Bank Accounts
- Standing Instruction
- Nomination Facility
- Passbook
- NEFT / RTGS
Residential proof (Any one or more of the following)
- Passport
- Electricity Bill
- Aadhar card
- Telephone/Electricity/Piped Gas/Water bill not less than 2 months old
- Bank statement having transactions for last 2 months
Photo Identification Proof
- Passport
- Election Identity Card
- Office Identity Card
- Driving License
- Aadhar card
Additional documents for Charitable/ Religious Institutions, Trust, club, Associations, Cop- operative Societies & Local bodies
- Certified copy of resolution
- List of office bearers
- Letter from the concerned authority to open the account
- Registration Certificate
- KYC of all Office bearers
