Deposits

Salient Features:

Suitable for depositing money and withdrawing money as and when required. Fetches interest @ 4% p.a. on daily credit balances.

Eligibility:

1. Individuals singly or jointly with another or others not exceeding two persons payable to either or survivor/ jointly.
2. Minor person through his/her natural guardian or guardian appointed by a competent court.
3. Illiterate person
4. Blind person and handicapped persons.
5. SHGs

Value addition:

1. RTGS/NEFT Remittances.

2. Issue of Payment instruments (Pay orders and Demand Drafts).

3. Multicity cheques collection.

4. Initial deposit of Rs.250/- for SB accounts without Cheque facility and Rs.500 for SB accounts with Cheque facility.

Minimum Credit balance to be maintained:

1. Rs.250/- for SB accounts without Cheque facility and Rs.500 forSB accounts with Cheque facility.

2. Non-maintenance of minimum balance in the account attracts penalty as prescribed by the Board.

However, no such penalty for accounts of Senior Citizens.

Maximum Amount: No Limit

Documentation required to open Savings Bank Accounts:

Latest Pass port size photos 3 nos.

Identity proof to open Savings Bank Accounts:

1. Passport

2. PAN card

3. Voter ID card

4. Driving license

5. Government ID card

6. Senior citizen ID card

7. Aadhaar Card

8. Identity Card issued by Government Departments/Reputed Employers

Address proof to open Savings Bank Accounts:

• Passport

• Telephone bill / Mobile Phone Bill

• Electricity bill / Gas Bill/ Any other Utility Bill

• Driving license

• Certificate/ ID card issued by Post office

• Aadhaar Card

• House Tax receipt / rent paid Receipt for the latest period

• Rental Agreement to the satisfaction of the bank.

• Bank Passbook / Credit card statement for the latest period.

• Any other reliable document to the satisfaction of the bank.

Note:

• Please produce the original document(s) for verification and a photocopy of each document.

• Please fill the Account Opening Form in CAPITAL LETTERS using Black ink.

• Please countersign in case of any overwriting.

• Please avail the nomination facility.

• Please note that one proof containing the identity and present address (as mentioned in account opening form) is enough.