Savings Account

A Savings Bank account is a basic type of bank account designed to help individuals save money while earning a small amount of interest.

Savings Bank account can be opened by:

1. Individuals: Any Indian resident above 18 years of age with valid KYC documents.
2. Joint Account Holders: Two or more individuals jointly (Either or Survivor/ Jointly Operated)
3. Minors: Through a guardian (below 18 years)

• Minimum balance to be maintained.
• With Cheque Book Rs.1000/-
• Without Cheque Book Rs.250/-
• Interest Rate - 2.7% (Half Yearly)
• Documents Required (KYC)

1. Proof of Identity- Aadhaar Card, PAN Card, Passport, Voter ID, Driving License
2. Proof of Address- Aadhaar Card, Utility bill (electricity bill, water bill etc.), Passport
3. Passport-size photographs (2 No’s)
4. PAN Card or Form 60
5. In case of minors: Birth certificate and guardian’s documents