Self Help Group Savings Account

Deposits-Self Help Group Savings Account-FAQs


Self Help Group Savings Account FAQs

 

 

 

 

 

 

 

What is the SHG account?

It is a group savings account for Self - Help and Joint Liability groups.

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What is the minimum balance to be maintained in the SHG Account?

Rs. 1000/-

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What is my "Base Branch"?

The "Base Branch" is that branch in the town / village where I have my account. Thus, if a town / village has more than one branch, the Base Branch is that one where you have opened your account.

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Are ATM transactions available to SHG accounts?

No, SHG accounts cannot undertake ATM transactions.

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