Key Features of Saving Account:
- Bank offer nomination facility for all deposit accounts.
- Customer can open single/joint account and that account can jointly, operate as per instruction like Any one, Jointly, Any two Jointly either or survivor etc.
- Customer can open Savings A/c for his/her minor children.
- Bank offer Computerised passbook to Account holders.
- Bank is member of Deposit Insurance and Credit Guarantee Scheme in which customers deposits are insured up to Rs. 5 Lac.
Rules Regulation For Savings Bank Account:
- Every Depositor must have to fulfill KYC norms as per RBI directive.
- The Customer has to give all the valid proof under KYC norms at the time of opening an account as per RBI Guideline.
- Guardian can open Minor's Savings Account. Birth date Proof is required for minor account.
- The Bank's management having right to close the account after notice if account holder do not keep sufficient opening balance to clear inward cheque or ECS.
- The customer must have to preserve his/her cheque book passbook in his custody. The Bank is not responsible for any misuse of cheque book pass book.
- Interest on Savings deposit is calculated on daily balances as per RBI's directives.
- Stop payment of particular cheque/s facility is available but the customer has to keep sufficient balance to match the cheque amount then only the cheque will be returned with the reason of stop payment and stop payment charges will be levied from the account.
- The Bank is having all rights of appropriation, set off, lien and change the rules and regulation.
KYC Documents:
- ID Photo proof (Any One):
- Passport
- Aadhar Card
- Voter ID Card
- Driving License
- Address Proof (Any One):
- Electricity Bill (not more than 3 months old)
- BSNL Landline Telephone Bill (not more than 3 months old)
- Municipal Tax Bill
- Aadhar Card
- Passport Size Photograph - 2 Copies
- Copy of PAN Card.
