| Objective |
The objective of this facility is to cultivate the saving habit among the depositors. The transactions are of non-business and non-commercial nature. |
| Eligibility |
- All Individuals singly or jointly.
- Professionals
- Clubs
- Associations
- Charitable Trusts
- Religious Institutions
- Minors jointly with Natural/Legal Guardian
- Government bodies established under specific Acts
|
| Interest Rate |
- Interest is payable on daily balances in the account at a rate of 3.25% p.a.
- Periodicity of Interest : Quarterly on the last day of April, July, October and January on daily product basis
|
| Balance Requirement |
- Minimum balance should be maintained in the account on Monthly Average basis.
- Minimum balance ₹1000 (with Cheque) and ₹500 (without Cheque)
|
| Salient Features |
- Nomination facility available
- RTGS / NEFT / NACH Facility available
- RuPay ATM cards with EMV chip are provided free of cost for the first year
- 5 transactions free at ATMs
- RuPay debit cards can be used in any bank ATM and anywhere in India
- TDS is not applicable for interest earned on the account.
- SMS alerts for all transactions & last 5 transactions statement by sending an SMS from mobile.
|
| Documents Requirement to open a New Account |
- Please visit your nearest branch with required KYC documents (Officially Valid Documents for Identity and Address Proof)
- In case of Minor
- Proof of Date of Birth
- If guardian is appointed by the court, order of the same
|
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