Regular Savings Account FAQs

What are the features of Regular Savings Account?


  • Smart Shopper Silver Debit Card with exciting offers & Visa Privileges
  • Money Multiplier Facility
  • Anywhere Banking
  • Free multi-city chequebook
  • Free Internet Banking and Mobile Banking
  • Free Email Statement facility
  • Standing instructions facility
  • Nomination facility is available

What is the eligibility criteria for opening Regular Savings Account?


Savings Account is available for Resident Individual (sole or joint account), Foreign national and Hindu undivided family (HUF) customers, above age of 18 years.

What is the minimum balance required to be maintained for Regular Savings Account?


The minimum Monthly Average Balance (MAB) required to be maintained for a Savings Account is Rs.10,000/- in metro and urban locations, Rs. 5,000/- in semi-urban and Rs. 2,000/- in rural locations.

 

Metro/ Urban locations-

MAB maintained in the accountCharges to be levied
Rs. 5,000 =< MAB < Rs. 10,000 Rs. 250 per month
MAB < Rs. 5,000 Rs. 350 per month

 

Semi Urban locations-

MAB maintained in the accountCharges to be levied
Rs. 2,500 =< MAB < Rs. 5,000 Rs. 250 per month
MAB < Rs. 2,500 Rs. 350 per month

 

Rural locations-

MAB maintained in the accountCharges to be levied
Rs. 1,000 =< MAB < Rs. 2,000 Rs. 250 per month
MAB < Rs. 2,000 Rs. 350 per month

What are the fees and charges of Regular Savings Account?


To know about service charges of Regular Savings Account, Click Here.

Do you have more questions?


To know more about frequently asked questions, Click Here.