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Saving Account

Who Can Open

Individuals, Minors & HUFs

Interest Rate

3.5% on Daily Balance

Deposit Insurance

Up to ₹5 Lakh (DICGC)

Passbook

Computerised Passbook

Key Features & Benefits

Minimum deposit ₹500/- (without cheque book facility)

Nomination facility available

Open Savings A/c for minor children; guardian signature required

Deposits insured up to ₹5 Lakh under DICGC scheme

Minimum deposit ₹1,000/- (with cheque book facility)

3.5% interest calculated on daily balances as per RBI directives

Computerised passbook issued to all account holders

Every literate minor above 10 years can open individual account

DICGC Member

Your deposits are insured
up to ₹5,00,000

Rules & Regulations

  • Every depositor must fulfil KYC norms as per RBI directives.
  • Customer must submit all valid proof under KYC norms before opening an account.
  • Guardian can open Minor's Savings Account; birth proof of children is required.
  • Every literate minor more than 10 years can open an individual Savings Bank Account.
  • The bank management reserves full right to close the account if the holder does not maintain sufficient balance to clear inward cheque or ECS.
  • The customer must safely preserve their cheque book & passbook. The Bank is not responsible for any misuse.
  • Interest on savings deposit is calculated on daily balances as per RBI's directives.
  • Customers without cheque book facility will be given a withdrawal form at the time of payment, accompanied by passbook.
  • Stop payment of particular cheque(s) is available; sufficient balance must be maintained and stop payment charges will be recovered.
  • The Bank reserves all rights of appropriation, set-off, lien and may change rules and regulations.
Minimum Deposit

₹ 500

Without Cheque Book Facility

₹ 1,000

With Cheque Book Facility

Documents Required

Photo Identity Proof

  • Passport
  • Aadhaar Card
  • Driving Licence
  • PAN Card
  • Voter ID Card
  • Government Approved College / University I-Card
  • Government / Semi-Government / Department I-Card

Address Proof

  • Ration Card
  • Electricity Bill (not more than 2 months old)
  • Telephone Bill (not more than 2 months old)
  • Municipal Tax Bill
  • Aadhaar Card
  • Driving Licence
  • Bank Statement
  • Bank or Credit Society's Passbook
  • Receipt of LIC policy or Premium paid
  • Salary Slip with address
  • Other proof acceptable by Bank

Other Requirements

  • 2 Passport Size Photographs
  • PAN Card or Declaration on Form 60/61
  • Birth Certificate (for Minor Account)

KYC Mandatory

All depositors must fulfil KYC norms as per RBI directives before opening an account.