Savings Bank Accounts
"Savings Bank Account " is deposit providing any time liquidity with interest earnings.
| Eligibility | 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. |
|---|---|
| Interest | Attract interest , presently @ 4.0% p.a. paid at half yearly interval |
| Tax Deduction at Source | No |
| Nomination | Accepted |
| Transferability Option | Available within Bank's Branches. |
| Other facilities | 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. |
