Loading

SB Small

small-account

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).

FEATURES & BENEFITS

  • Withdrawals through withdrawal slip.
  • Pass Book, free monthly e-statement (if registered).
  • Nomination facility as per rules.

FACILITIES NOT PROVIDED

  • Cheque book facility.
  • Collection of cheques.
  • Multi Branch Banking (MBB) facility. Internet Banking, E-commerce, M-commerce, Mobile Banking.
  • ATM card facility.

OTHER TERMS & CONDITIONS

  • 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.

FEES & CHARGES

For further details, please contact our nearest Branch

View other Savings Accounts