Savings Bank Accounts
"Savings Bank Account " is deposit providing any time liquidity with interest earnings.
An Individual singly or jointly, H U F, Trust, Societies, Associations etc. can open a savings bank account with a prescribed minimum balance. A minor who has attained the age of 10 years can also open a savings bank account independently.
Attract interest , presently @ 4.0% p.a. paid at half yearly interval
|Tax Deduction at Source||No|
|Transferability Option||Available within Bank's Branches.|
1)Can be used for secured overdraft facility.
2)Standing Instruction Facility is accepted.
3)Debit cum ATM Card, Mobile Banking, Internet Banking, SMS Services are available.