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Features

The account is available only for:

  • Only for Resident Indians. NRIs and foreign nationals are not eligible for this Account.
  • Individuals residing in rural areas.
  • Can be opened at Business Correspondent point by providing eKYC(UID/VID) through biometric based authentication.
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.
  • For more details approach your bank

Rural Saving Account Features FAQs

Rural Savings Account is a Zero balance account and hence there is no minimum balance requirement.

can approach us through your local Business Correspondent.

You can change the nominee(s) by making a declaration to that effect, in the appropriate form, which is available with the Business Correspondent.