Savings Account

Eligibility

  • Individuals, Joint accounts(Not more than 4), Minor accounts, Blind, Illiterates, HUF
  • Primary Co-operative Credit Society which is being financed by the bank
  • Khadi and Village Industries Boards
  • Agriculture Produce Market Committees
  • Societies registered under the Societies Registration Act, 1860 or any other corresponding law in force in a State or a Union Territory except societies registered under the State Co-operative Societies Acts and specific state enactment creating Land Mortgage Banks,
  • Companies licensed by the Central Government under Section 8 of Companies Act, 2013 or Section 25 of Companies Act, 1956 or under the corresponding provision in the Indian Companies Act, 1913 and permitted, not to add to their names the words ‘Limited’ or the words ‘Private Limited’
  • Institutions other than those mentioned in section 26(h) and whose entire income is exempt from payment of Income-tax under the Income-Tax Act, 1961,
  • Government departments / bodies / agencies in respect of grants/ subsidies released for implementation of various programmes/Schemes sponsored by Central Government / State Governments subject to production of an authorization from the respective Central / State Government departments to open savings bank account.
  • Development of Women and Children in Rural Areas (DWCRA).
  • Self-help Groups (SHGs), registered or unregistered, which are engaged in promoting savings habits among their members
  • Farmers’ Clubs – Vikas Volunteer Vahini – VVV.
  • Minimum Balance
  • Charges
  • Nature of Deposit
  • Interest Rate
  • Periodicity of Interest Payment
  • TDS
  • Nomination Facility
  • Withdrawals
  • Cheques Book
  • Other Facilities

Minimum Balance

Minimum Balance

SB General with cheque book facility –Rs1000/-
SB General without cheque book facility – Rs 500/-
Savings Bank Plus (SB129) – Rs 10000/-

Charges

Charges

Minimum balance charges, Cheque Book Issue Charges, SMS Charges, ATM Card Charges etc. as per the guidelines advised from time to time.

Nature of Deposit

Nature of Deposit

Running (Operative) account

Interest Rate

Interest Rate

4% P.A for general public (at present)

Periodicity of Interest Payment

Periodicity of Interest Payment

Interest is payable on quarterly basis, i.e., on 1st of every February, May, August and November on the daily balance maintained in the account.

TDS

TDS

Not applicable. However, customer should declare at the time of filing the IT returns.

Nomination Facility

Nomination Facility

Available(favouring only one individual)

Withdrawals

Withdrawals

Withdrawal exceeds 50 per half-year (Financial Year), either by cheques or other modes, charges at Rs. 5/- per withdrawal subject to minimum of Rs. 10/-.

Cheques Book

Cheques Book

Available for General SB A/cs.

Other Facilities

Other Facilities

ATM-cum-Debit Card, Pass book/Pass sheet, Standing Instructions, Funds transfer through NEFT/RTGS, Cheque Collection, Internet & Mobile Banking, IMPS, UPI etc.,

*All other Terms & Conditions Applied. For more information please contact our Branch nearest to you.