Savings Bank Deposit

We offer 3.5% Interest on Savings Bank Deposit from 01-07-2020
Depositor has to maintain minimum balance or Rs.500/- for Cheque Book facility.
We offer nomination facility for all deposit accounts.
Depositor can open single/joint account and account can be operated as per instruction of the depositor like Any one, Jointly, Any two Jointly either or survivor etc.
Depositor can open Savings A/c for his/her minor children.
We offer Computerised passbook to our Account holders.

Rules & Regulation for Savings Bank Account :

Every Depositor must have to fulfill KYC norms as per RBI directive.
The Customer has to give all the valid proof under KYC norms before opening an account as per RBI Guideline.
Guardian can open Minor’s Savings Account. Birth Proof of Children.
Every literate minor more than 10 years can open a individual Savings Bank Account. The cheque book will not issue in this account till the minor turn major.
The Bank is having right to close the account if account holder do not keep sufficient balance to clear inward cheques or ECS.
The customer must have to preserve his/her cheque book & passbook in custody. The Bank is not responsible for any misuse of cheque book & pass book.
Interest on Savings deposit calculating on daily balances as per RBI’s directives.
No Cheque book charges.
The depositor having no cheque book facility will be given withdrawal form at the time of payment. The Passbook should be accompanied with the withdrawal form.The withdrawal form will be given to the account holder only at the time of payment.
Stop payment of particular cheque/s facility is available but the customer has to keep sufficient balance to match the cheque amount then only the cheque will return with the reason of stop payment and stop payment charges will be levied from the account.
The Bank having all rights of appropriation, set off, lien and change the rules and regulation.

Requirements to open Savings Bank Account :

Valid Photo I.D. & Address Proof
(A) Any one of Proof (Photo ID)
  • Passport
  • Driving License
  • Voter ID Card
  • Government Approved College/university I.Card
  • Government/Semi government/Department I.Card
(B) Address Proof (Any One)
  • Electricity Bill (not more than 2 months old)
  • BSNL Landline Telephone Bill (not more than 2 months old)
  • Municipal Tax Bill
  • Other proof acceptable by Bank.
Passport Size Photograph (2 Copies)
Pan Card with forwarding letter
Birth Certificate for minor account