Saving Bank Account

Saving Bank Account

savingbankaccount

The Saving Bank Account has been established in bank with the primary aim of promoting the saving habits among ordinary citizens. It allows individuals to deposit their money in the bank, even in small sums, and to withdraw their funds at any time they desire. One of the key benefits is the safety it offers. Moreover, a Saving Bank Account offers a reasonable interest rate based on periodic assessments.Different categories of Savings Bank Account products exist to fulfill specific needs.

Features Of Saving Bank Account

  • Any amount can be deposited.
  • Minimum balance fixed by the Bank should be maintained otherwise a penalty will be Charged. Present minimum balance Rs.1000/-
  • ATM Card facility is available for cash withdrawal and use in POS machines anywhere in India.
  • Any Branch Banking.
  • Personalized CTS cheque book facility available.
  • A reasonable return on a daily balance basis.
  • SMS Facility.

Documents Required For Saving Bank Accounts

  • Aadhar/Passport/Voter Id/Driving Licence
  • PAN Card
  • PP size photograph 3 copies

Other Charges

  • Savings Bank & Current Account : 30+Gst/per Cheque book
  • S B / CA closing Charge : 100 + Gst
  • ATM Card Charge: 125+Gst
  • NACH Return Charge : 400+Gst
  • Cheque Inward Return Charge : 400+Gst
  • Cheque Outward Return Charge : 100 + Gst

Interest Rates

Saving Bank Account Interest Rate Effect Date
Per Year 3.25% 07.05.2025

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