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Saving Deposit Account

Basic Saving Account

• We offer 3.00% Interest on Savings Bank Deposit as per RBI’s Directive.
• Customer has to maintain minimum balance or Rs.1000/- for Cheque Book facility.
• We offer nomination facility for all deposit accounts.
• Customer can open single/joint account and that account can jointly, operate as per instruction like Any one, Jointly, Any two Jointly either or survivor etc.
• Customer can open Savings A/c for his/her minor children.
• We offer Computerised passbook to our Account holders.
• We are member of Deposit Insurance and Credit Guarantee Scheme in which customers deposits are insured up to Rs. 5 Lac.

Rules & Regulation for Savings Bank Account

• Every Depositor must have to fulfil KYC norms as per RBI directive.
• The Customer has to give all the valid proof under KYC norms at the time of opening an account as per RBI Guideline.
• Guardian can open Minor’s Savings Account. Birth Proof of Children is required.
• The Bank’s management having right to close the account after notice if account holder do not keep sufficient balance to clear inward cheque or ECS.
• The customer must have to preserve his/her chequebook & passbook in his custody. The Bank is not responsible for any misuse of chequebook & pass book.
• Interest on Savings deposit is calculated on daily balances as per RBI’s directives.
• Stop payment of particular cheque/s facility is available but the customer has to keep sufficient balance to match the cheque amount then only the cheque will be returned with the reason of stop payment and stop payment charges will be levied from the account.
• The Bank is having all rights of appropriation, set off, lien and change the rules and regulation.
• NO FRILL SAVINGS ACCOUNT
• We also open zero balance saving account with certain conditions/ limited transaction.
• The customer without chequebook facility will be given withdrawal form at the time of payment. The withdrawal form will be given to the account holder only and only at the time of payment.
• The Passbook should be accompanied with the withdrawal form.

Category of Account holder	Description of documents.
	Identification	Address
Individual	Photograph Any Two of the following: Passport Income Tax PAN Card Voter ID Card Driving License Letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of bank.	Any one of the following documents showing name and address. Any one of the following: Latest Telephone Bill Latest Electricity Bill Ration Card Bank Account/Passbook/statement Letter from any recognized public authority Letter from employer i.e. Corporate of Company having account with us and subject to satisfaction of bank.
Hindu Undivided Family (H.U.F.)	H.U.F. Letter or H.U.F. deed and
	Document from all major co-parcerners and Karta of the HUF Photograph Any one of the following: Passport Income Tax PAN Card Voter ID Card Driving License	Document from all major co-partners and Karta of the HUF: Any one of the following Latest Telephone Bill Latest Electricity Bill Ration Card Bank Account/Passbook/statement Letter from any recognized public authority