Saving Account
This account can be opened by any individual provided he/she has valid KYC documents. Primarily meant for poorer sections of society to encourage them to start saving without any burden of charges or fees.
Savings account
Eligibility
Any citizen, eligible institution, and minors (including guardians) under the age of 18 can open a savings account.
Features and Benefits
An account can be opened with a minimum amount of Rs. 500/-.
The minimum balance required for a savings account remains Rs. 500/-.
Individual deposit/joint deposit/deposit facility in the name of minors with protection.
ECS Clearing Facility Available
Core Institutional Facilities
Passbook facility.
Account transaction information via SMS
NEFT/RTGS facility available
Valid required documents
At least two passport size photographs and one of the following official documents are required as proof of identity and address,
1. Proof of residence- Aadhar card, driving license, voter ID card, passport, NREGA job card, NPR letter etc.
2. Photo ID- Aadhar card, Driving license, Voter ID card, Passport, NREGA Job card, NPR letter etc.
3. Aadhar card and PAN card
4. All original documents along with photocopies must be submitted for verification of authenticity.