Sr. No.
SAVINGS BANK DEPOSIT
Individual, Salaried people, HUF, Minors, Trusts, Pensioners, Clubs, Societies, NRIs, PF etc.(Non individuals for non trading only)
Purpose
A stepping stone for many other Banking Relationship
Minimum Amount
With cheque book facility Rs.500/- for Urban and Rs.500/- for Rural & Semi Urban centers.
Without cheque book facility Rs.250/- for Rural & Semi Urban and Rs.500/- for Urban centers
Minimum/ Maximum period
No minimum and maximum period
Rate of interest
4.00% per annum above Rs. 1.00 lac (ON DAILY BALANCE) half yearly.
3.50% per annum upto Rs. 1.00 lac (ON DAILY BALANCE) half yearly.
Prepayment Overdraft/Loan facility interest rate
NA
Cheque Book facility
Available
Convenient features
Easy Access features
Access to other facilities viz. collection of cheques, remittances, lockers etc.