Saving Bank Account has been introduced in banks with a primary intention of developing the saving habits of ordinary people. It allows one to deposit his cash in the bank even in small amounts and withdraw his money whenever he wants. Safety is one of the attractive benefit. An SB Account offers a moderate interest rate also.

Minimum Balance

 500/-   Without Cheque Book

1000/-   With Cheque Book

Rate of Interest

Attractive interest , presently @ 4.0% p.a. paid at half yearly interval

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.