Saving Account

Basic Savings Account

  • Who can open the account? : All Resident Individual (singly/ jointly). Especially who are having low and middle income such as wage earners, workers in unorganised sector, house wife and student above 10 years of age.
  • KYC documents to open the account: As per S.B. deposit account. However if such KYC documents are not available some alternative under simplified/relaxed KYC norms, following evidences may be considered with due diligence.
    • Certificate issued by:
      • Talati/Mantri, Mamlatdar or TDO
      • Chief officer/ Municipal commissioner
      • Principal/ Authorised officer of school/ college
      • House allotment letter attested by govt. / quaci govt. trust.
      • Telephone bill, Post-paid mobile bill
      • Electricity bill
      • Bank account or post office saving bank account statement
      • Property card or municipal tax receipt
      • Letter from employer
      • Registered rent agreement
      • PPO issued by Govt. Department or PSUs
    • Balance maintenance requirement: No minimum amount is required while opening the account. No min. Balance required to be maintained.
    • Rate of interest: 2.50% (w.e.f.  11-01-2024) annually on daily product basis and credit in the account on half yearly basis.
    • Remarks :
      • Total debit through cash withdrawal/ transfer should not excess Rs.10000/- during a month.
      • Total balance in the account should not exceed Rs50000/- and total credit in the account during a year should not exceed Rs. 1 lac rupees.
      • Most suitable for financial inclusion, Jan Dhan Yojana, DBT, PMSBY, PMJJBY benefits.
      • Normal S.B. account holder is not eligible to open this type of account.
      • No limit for credit transaction in the account during a month.
      • Cash withdrawal, including ATM withdrawal is limited up to 4 transactions during a month.
      • Free SMS service and ATM card.
      • Thirty cheques leaves free of charge during the year.
      • No charge for non operational activity in the account.
      • Nomination facility is available.
      • CTS cheque book duly printed account holder’s name issued on the same day.

Savings Account (General)

  • Who can open the account? : Resident Individual (Singly/ jointly), Minor individually if completed 10 years of age.
  • KYC document to open the account:
    • ID proof: Pan Card, Driving Licence, Passport, Aadhar Card, Narega Job Card, Election Card. (Any One)
    • Address proof: Driving Licence, Passport, Voter Id, UID, Narega Job card. (Any One)
    • Passport size Photo: 2
    • No Introduction is required if KYC documents are available.
  • Balance maintenance requirement: 500/- without cheque book, Rs.1000/- with cheque book facility, No Limit for maximum balance. For minors of 10 to 14 year age, maximum permissible balance is Rs.1.00 lac.
  • Rate of interest: 2.30% (w.e.f.  16-12-2022) annually on daily product basis, credited half yearly in the account.
  • Remarks :
    • Initial & subsequent passbook at free of cost.
    • Free of cost fund transfer through NEFT/RTGS.
    • No cash handling charge.
    • Standing instruction at free of cost.
    • No minimum balance charge.
    • Free SMS service and ATM card for the first time.
    • Interest will be paid on delayed collection of out station cheques.
    • One cheque book free at an interval of every six month.
    • Priority on locker allotment on maintaining higher average daily balance.
    • No charge for transfer of account from one branch to another branch.
    • Nomination facility available.
    • Useful in enrolment of DBT, PMSBY, PMJJBY benefits
    • CTS cheque book duly printed with account holders name and issued on the same day.

Super Saving Account

  • Who can open the account? : Resident Individual (Singly/ jointly), Minor individually if completed 10 years of age.
  • KYC document to open the account:
    • ID proof: Pan Card, Driving Licence, Passport, Aadhar Card, Narega Job Card, Election Card. (Any One)
    • Address proof: Driving Licence, Passport, Voter Id, UID, Narega Job card. (Any One)
    • Passport size Photo: 2
    • Introduction from existing 6 month old satisfactorily conducted S.B. account if available.
  • Balance maintenance requirement: 5000/- as minimum on daily basis.
  • Rate of interest: 2.30% (w.e.f.  16-12-2022) annually on up to Rs.5000/- daily product basis, credited half yearly basis in the account.
  • Remarks :
    • All benefits of S.B. general account are also available in this account.
    • Balance in excess of Rs.5000/- and in multiple of Rs. 1000/- will be auto sweep to F.D. for a period of one year.
    • However, the balance will be available as and when required to be withdrawn/honour cheques drawn etc through reverse auto sweep.
    • Higher interest is earned on balance in excess of Rs.5000/- in the account, without separately observing procedure for getting issued F.D. and payment thereof.
    • Nomination facility is available.
    • Interest Earn in the A/C is subject to TDS as per I.T. rules.