| Savings Accounts are individual accounts for the needs of individuals . These bank accounts are maintained by private individuals as well as retail financial institutions. The amount saved earns interest and is subject to the issue of checks, only if there is a clause permitting the same in the regulations supervising the transactions of the bank in question. |
| General Information |
| Simplest Deposit available to depositor. |
| Option for money withdrawal by withdrawal forms or by cheque. |
| Features |
| Resident Indian, Self Help Group or a Co-operative Society. |
| 1. Minimum amount of deposits for open a saving Deposit account is Rs. 100. |
| 2. The money can be withdrawn by using withdrawal slip in the concerned branches. |
| 3. Saving account is of continuing nature. There is no maximum period. |
| 4. A minimum amount of Rs. 100/- has to be kept on saving account. |
| 5. No loan facility is provided against saving account. |
| 6. Enable the depositor to earn high rate of Interest @ 6.00% p.a based on daily minimum balance. |
| Document Required |
| Applicants must satisfy the following documentation requirements: |
| • Identity proof (PAN, EC Card, Driving Licence, Passport). |
| • Passport Size Photograph - 2. |
| • Proof of residence address. |
| • Introduction as per bank norms. |
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