Deposit Schemes
Saving Account
A Savings Account can be opened by any individual, jointly by two or more persons, or by approved associations such as co-operative societies, institutions, and associations authorized by the bank. A natural guardian (father or mother) can also open an account on behalf of a minor.
The initial deposit required for opening a Savings Account is ₹500 (with cheque book) and ₹100 (without cheque book). The same amount serves as the minimum balance requirement for the respective accounts.
Features
Convenient and quick banking services
Cheque book facility
Nomination facility
ATM facility
Demand Drafts (local and outstation)
Remittance services
Any Branch Banking (ABB)
RTGS fund transfer
Who Can Open a Savings Account
Individuals
Karta of Hindu Undivided Family (HUF)
Minors (through natural guardians)
Registered Co-operative Societies
Registered Public Trusts
Clubs and Associations
Students (SSB Accounts)
Documents Required
One passport-size photograph (can be taken at the bank counter)
ID Proof: Passport, Driving License, Ration Card, Voter ID, or PAN Card
Address Proof: Gas connection book, Telephone bill, Electricity bill, or Bank passbook
Introduction from an existing account holder
PAN number or declaration in Form No. 60/61 as per the Income Tax Act, 1961