A savings account is a deposit account held at a retail bank that pays interest but cannot be used directly as money in the narrow sense of a medium of exchange (for example, by writing a cheque). These accounts let customers set aside a portion of their liquid assets while earning a monetary return.
We offer a variety of customized Savings Bank accounts which suits customers of all walks of life.The objective of the our saving account scheme is to facilitate vast sections of rural poor to open an account with the Bank no frills accounts comes with very low minimum balances with low charges.
Ideal for rural poor. Designed for flexible and frequent transactions, our Savings Bank accounts keeps your hard earned money safe and secure.
Any individual can open savings bank account singly or jointly. SB Account of minors can be opened jointly with natural guardian/legal guardian. The applicant should furnish identity and address proof as given in account opening form. In case the customer is unable to give any documentary proof of identity & address, to the satisfaction of the bank, the account can be opened with the introduction from existing account holder who has been subjected to full KYC procedure & having satisfactory operations in the account over six months.