Savings Bank Account

Savings Bank Accounts
ELIGIBILITY	Individual – Single Accounts Two or more individuals – Joint Accounts Illiterate persons Blind persons Associations, Clubs. Trusts HUF Institutions/Agencies/ Societies/Government Departments specially permitted by RBI.
TYPE OF ACCOUNT	With/Without Cheque facility
MINIMUM BALANCE REQUIREMENT	R/SU – With Cheque facility – Rs.1000/- & Without cheque facility- Rs.500/ M/U – With Cheque facility – Rs.2500/- & Without cheque facility – Rs.1000/-
MAXIMUM AMOUNT	No limit
NON- MAINTENANCE OF MINIMUM BALANCE	Amount of shortfall to minimum balance required
SALIENT FEATURES	20 leaves free in a calendar year for cheque operated Savings Bank accounts. Personalized cheque book. Rupay ATM cards/ Debit cards provided free of cost. 50 withdrawals permitted free per half year. ECS/RTGS/NEFT facilities available. Demat, Locker & Credit card facility available
VALUE ADDITIONS	No TDS on interest earned on SB deposits. Nomination facility available
INTEREST RATE	Financial quarters on a daily product basis Click Here and refer NOTICE-TO-PUBLIC-REVISION-OF-INT.-RATE-ON-SAVING-BANK-DEPOSITS
SERVICE CHARGES	As per latest service charges notification

( Last modified on Feb 10, 2026 at 10:02:57 AM )

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