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SB Small

SB SMALL

NO FRILLS ACCOUNT (FINANCIAL INCLUSION PLAN)

SB Small

WHO CAN OPEN THE ACCOUNT

All individuals who intend to

  • Keep balance not exceeding ₹50,000/- (Rupees Fifty Thousand only) in the account at any point of time.
  • The total credit in the account is not expected to exceed ₹1,00,000/- (Rupees One lakh only) in a financial year.
  • The aggregate of all withdrawals and transfers in a month to not to exceed ₹10,000/- (Rupees Ten thousand only).
  • Withdrawals through withdrawal slip.
  • Pass Book, free monthly e-statement (if registered).
  • Nomination facility as per rules.
  • Cheque book facility.
  • Collection of cheques.
  • Multi Branch Banking (MBB) facility. Internet Banking, E-commerce, M-commerce, Mobile Banking.
  • ATM card facility.

Self declaration to the effect that balances in all the accounts will not exceed ₹50,000/- (Rupees fifty thousand only) at any point of time, the total credit to all the accounts will not exceed ₹1,00,000/- (Rupees one lakh only) in a financial year & the aggregate of all withdrawals and transfers in a month to not to exceed ₹10,000/- (Rupees ten thousand only).

If the above condition is breached, the account shall be treated as regular Savings Bank account and all the terms & conditions, KYC norms as applicable to regular Savings Bank account are to be complied with.

For further details, please contact our nearest Branch


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