Objective
The objective is to promote the saving habit among the depositors.
Savings Bank Account
The objective is to promote the saving habit among the depositors.
Eligibility
1. All Individuals, Either (or) Survivor and Jointly.
2. Non-Personal Accounts for:
Professionals
Clubs
Associations
Charitable Trusts
Religious Institutions
Government bodies established under specific Acts
Interest Rate
Interest is payable on daily balances in the account at a rate of 2.8 % p.a.
Periodicity of Interest : Quarterly on the last day of April, July, October and January on daily product basis
Balance Requirement
Minimum balance should be maintained in the account on Monthly Average basis.
Minimum balance ₹500 (with Cheque) and ₹250 (without Cheque)
Salient Features
Nomination facility available
RTGS / NEFT / NACH Facility available
RuPay ATM cards with EMV chip are provided free of cost for the first year
5 transactions free at ATMs
RuPay debit cards can be used in any bank ATM and anywhere in India
UPI, Mobile Banking and Internet Banking Facility available for Individuals.
Documents Requirement for Opening a New Account
Please approach your nearest branch with the necessary KYC documents (Officially Valid Documents for Identity and Address proof).
In case of Minor
Proof of Date of Birth
If guardian is appointed by the court, order of the same
Overview
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is National Mission for Financial Inclusion to ensure access to financial services, namely, a basic savings & deposit accounts, remittance, credit, insurance, pension in an affordable manner. Under the scheme, a Basic Savings Bank Deposit (BSBD) account can be opened in any bank branch or Business Correspondent (Bank Mitra) outlet, by persons not having any other account.
Features & Benefits
No minimum balance required.
Accidental insurance cover of Rs.2 lakhs for Rupay PMJDY cards issued on PMJDY bank accounts opened after 28th August 2018
Easy Transfer of money across India.
Access to Pension, insurance products.
Beneficiaries of Government Schemes will get Direct Benefit Transfer in these accounts.
After satisfactory operation of the account for 6 months, an overdraft facility will be permitted.
Ready to explore this deposit further?
Visit your nearest branch to confirm eligibility, interest details, maturity terms, and the full account opening checklist.
