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.

Individuals, partnerships, companies, trusts, and associations can open a current account with the required documentation and verification.

Any person or persons and associations of individuals like Co-op. Societies, Institutions and Associations approved by the bank. Account may be opened individually by one person or by two or more persons in their joint names. Natural guardian i.e. father or mother can open account on behalf of a minor child/ward. Initial Deposit for opening SB A/C with cheque book – Rs.1000/- without cheque book – Rs.100/- . This is also the minimum balance requirement for respective accounts.

Benefits

• Convenient and quick services
• Cheque book
• Suitable for high-volume business operations
• Remittance
• Any Branch Banking
• Easy access to account statements
• Collection of outstation cheques
• RTGS/NEFT

Documents Required

• Passport size photograph which can be photographed by the bank
• ID Proof: Passport/driving license/Ration card/voters identity card/PAN Card
• Proof of residence: Gas Conn. Book/Telephone Bill/Electricity Bill/Bank Pass Book etc
• An introduction of the person from an existing account holder