Rural Savings Account

• The Rural Savings Account will be available through Business Correspondents.
• The account is zero balance with no initial deposit.
• The Customer is provided with an E-passbook.
• All transactions in the accounts are done only after a biometric authentication.
• Nomination facility is available.
• Interest is payable half-yearly.

Nomination Facility

• Nomination facility available for bank deposits.
• There can be only one Nominee for a deposit account whether held singly or jointly.
• A person legally empowered to operate a minor's account can file a nomination on behalf of the minor.
• Applicants can make nomination by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
• The nomination details can be changed during the subsistence of the account relationship by filling up the Form prescribed under the Banking Companies (Nomination) Rules 1985.
• For more details approach your bank.