Saving Account
Eligibility
- A class membership compulsory.
- Any Resident Individual - Single Accounts
- Two or more individuals in Joint Accounts,(maximum 4 persons***)
- Illiterate Persons
- Visually Impaired Persons
- Minors
- Associations, Clubs,Trusts, Institutions/Agencies,Partnership firm, Private limited companies, Proprietory concerns.
FEATURES
- Simplest deposit option available to the depositor.
- An ideal option for banking and saving amongst the younger generation.
- Easy to operate.Terms and conditions expressed clearly for understanding on saving form.
- No hidden costs.
- Provision for nomination.
Initial Deposit for opening Savings Account & minimum balance to be maintained in the account : Rs 200 /-
RATE OF INTEREST
Interest @ 4 % p.a., are being calculated on monthly product basis and will be credited twice in a year in March and September.
Pass Book
Pass book will be given to every savings bank depositor with saving account number with his/her name and address and all transactions with date,balance and vice-versa.
DOCUMENTS REQUIRED FOR OPENING AN ACCOUNT
- Two copies of latest color photographs.
- Proof of residence (passport, driving license, ration card, voters card, electricity bill, aadhar card etc.)
- Photo Identity Proof.
- Introduction by person known and acceptable to the patsanstha.
- Permanent Account Number (PAN) with original for verification.
- Initial deposit in cash.