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Saving Bank Account has been introduced in banks with a primary intention of developing the saving habits of ordinary people. It allows one to deposit his cash in the bank even in small amounts and withdraw his money whenever he wants. Safety is one of the attractive benefits. An SB Account offers a moderate interest rate also.
Minimum Balance
FOR NON-Cheque ₹ 500/-
FOR Cheque ₹ 1000/-
Note: For Pensioners , Mnerga, Bhamashah and Jan Dhan minimum balance is zero rupees.
Rate of Interest
Interest provided @ 3.50% p.a. paid at half yearly interval.
Eligibility
An Individual singly or jointly, H U F, Trust, Societies, Associations etc. can open a savings bank account with a prescribed minimum balance. A minor who has attained the age of 10 years can also open a savings bank account independently.
How to open an account
Download or obtain Account Opening Form from the nearest branch, fill it up properly and deposit the same with the branch of your choice along with the following:-
• Furnish proof of Photo identity Card/ID Card of any accredited institution/PAN Card/the letter issued by the Unique Identification Authority of India (UIDAI) containg details of name, address and Aadhar number.
• Furnish proof of Residence in the form of a copy of Ration Card/Passport/Driving License/Electricity Bill/Telephone Bill/Identity Card issued by any reputed institution. (Originals be shown only at the time of scrutiny of papers)/Business address.
• Furnish PAN or declaration of FORM NO. 60/61 as the case may be.
• Furnish 2 Photographs of all the prospective account holder |