13-Jan-2025   
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Savings Account
ELIGIBILITY
  • A class or B class membership compulsory.
  • Any Resident Individual - Single Accounts.
  • Two or more individuals in Joint Accounts,(maximum 4 persons***)
  • Illiterate Persons
  • Visually Impaired Persons
  • Minors
  • Associations, Clubs,Trusts, Institutions/Agencies,Partnership firm, Private limited companies, Proprietory concerns.
FEATURES
  • Simplest deposit option available to the depositor.
  • An ideal option for banking and saving amongst the younger generation.
  • Easy to operate.Terms and conditions expressed clearly for understanding on saving form.
  • No hidden costs.
  • Provision for nomination.
Initial Deposit for opening Savings Account &
minimum balance to be maintained in the account : Rs 200 /-
RATE OF INTEREST
Interest @ 4 % p.a., are being calculated on monthly product basis and will be credited twice in a year in March and September.
PASS BOOK
Pass book will be given to every savings bank depositor with saving account number with his/her name and address and all transactions with date,balance and vice-versa.
DOCUMENTS REQUIRED FOR OPENING AN ACCOUNT
  • Two copies of latest color photographs.
  • Proof of residence (passport, driving license, ration card, voters card, electricity bill, aadhar card etc.)
  • Photo Identity Proof.
  • Introduction by person known and acceptable to the patsanstha.
  • Permanent Account Number (PAN) with original for verification.
  • Initial deposit in cash.