Savings Bank
Savings Bank Accounts are meant to promote the habit of saving among the citizens while allowing them to use their funds when required. The main advantage of Savings Bank Account is its high liquidity and safety. On top of that Savings Bank Account earn interest too, which is credited half yearly.
Savings Bank Account can be opened in the name of an individual or in joint names of the depositors. Savings Bank Accounts can also be opened and operated by the minors provided they have completed ten years of age.
Features
- Teller counters for quick service
- Cheque book facility
- Nomination facility
- 24 hours ATM
- Demand Draft
- Remittance
- Cheque collection
- Any Branch Banking (ABB)
- RTGS/NEFT
- Mobile passbook/ Printed passbook
- Mobile banking application
- Transaction alerts
A Savings Account Can be Opened by
- Individuals
- Karta of HUF
- Minors
- Regd. Cooperative Societies
- Public Trusts
- Clubs and Associations
Document Required For Opening a Savings Account
- ID Proof: Aadhar/ Passport/ Driving License
- Proof of Residence: Telephone Bill/ Electricity Bill
- PAN/ Declaration in form No.60 or 61 as per the Income Tax Act 1961