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.
