Saving Deposit

General Information

• Simplest Deposit available to depositor.

• Easy to Operate. Terms and Condition are simple to understand to facilitate layman's understanding.

• Any individual or society to save from their earnings or to plan for future financial requirements can open Saving Account.

• Deposit is insured by DICGC.

• Option for money withdrawal by withdrawal forms or by cheque, ATM and through Business Correspondents.

• Interest is payable as per RBI norms.

• Minimum balance Rs.1000 for Saving Account with Cheque book and Rs.500 for saving account without cheque book facility.

• Minor not below 14 years of age can also open an independent savings account without cheque book facility.

Interest Rate

• Saving Bank Account - 2.90%.

Eligibility

Resident Indian, Self Help Group or a Co-operative Society of bank service area.

Document Required

• Identity proof (PAN, EC Card, Driving Licence, Passport) etc.

• Passport Size Photograph - 2.

• Proof of residence address.

• Introduction as per bank norms.

• Note: Mandatory to provide Permanent Address Proof.