Savings Bank Account

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.
  • 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