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Savings
Deposit

Savings Deposit

Savings Account is primarily meant to inculcate a sense of saving for your future financial requirements. The main purpose of the account is to save in small or large amount from time to time. Your savings remain liquid and safe, earning a steady interest. Our Savings Account comes with a host of convenient features and banking channels to transact through.

Eligible to operate a Savings Account

  • Individual - Single / Joint account
  • Minor - Operated by guardian natural / appointed by court
  • Illiterate person - Operated by thumb impression
  • Trust - Private / Public / Hindu Undivided Family
  • Club, Association & Society
  • Primary Co-operative Society
  • Housing Co-operative Society
  • Charitable Religious Institution

To open Savings Account : Refer Basic Documents - Savings Deposit

To download Account Opening Form : Click Here

  • SB Regular
  • Gen Next Accounts
  • Dignity Saving
  • HNI Accounts
  • Basic SB Account
  • NRE Saving Account
  • SB Salary
  • Maitreyee

A regular Savings account - (1001)

Salient features of the scheme

  • Minimum opening balance ₹ 1000/-
  • Free cheque book of 25 leaves.
  • Issuance of Free Debit Card.
  • Desk Drawing facility
  • Free account statement facility
  • Fund transfer facility through RTGS/NEFT anywhere in India
  • Any branch banking facility
  • Demat facility
  • Safe deposit locker facility *
  • Interest @ 4% p.a. on daily balance products

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* For Selective branches

* Conditions Apply

Product Names
Particulars Kids Saving
SB KID (1011)
Student Saving
SB Student (1012)
Yuva Saving
SB Yuva (1013)
Age Group 0 - 10 Years 10 - 18 Years Above 18 Years
Account to be operated by Guardian Self Self
Minimum Balance
(with or without Cheque book)
NIL NIL NIL
Free Cheque Leaves 25 25 25
DD/Payorder
(For Education Purpose only)
Free Free Free
Internet/Mobile Banking Free Free Free
DEBIT Card Issuance Fees Free Free Free

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* Conditions Apply

Savings account for senior citizens above the age of 60. - SBDG (1005)

Salient features of the scheme

  • Minimum Monthly average balance is ₹ 500/-
  • Free 25 cheque leaves per year
  • 25 % concessions on remittance by issue of DD / Payorder
  • 25 % concessions on RTGS / NEFT charges

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* Conditions Apply

These will now be in three categories- Super Savings, Super Esteem Saving and Super Exclusive Saving

Salient features of the scheme

Product Names
Particulars Super Saving
SB HNI (1007)
Super Esteem Saving
SB Super Esteem (1008)
Super Exclusive Saving
SB Super Exclusive (1009)
Average Monthly Balance (AMB) ₹ 25,000/- ₹ 50,000/- ₹ 1,00,000/-
Free Cheque Leaves 50 100 200
DD/ Payorder / RTGS / NEFT Chargeable Chargeable Free
Internet/Mobile Banking Free Free Free
Minimum Balance Charges ₹ 200/- ₹ 250/- ₹ 250/-
Demat Account
(Annual Maintenance Charges)
Nil for the 1st Year Nil for the 1st Two Years Nil for the 1st Three Years
Personal Accident Policy Cover Upto 1 lac for first year Upto 2 lacs for two years Upto 3 lacs for three years
Processing fees in Retail Advance 25% waiver 50% waiver 100% waiver

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* Conditions Apply

Savings account for people of limited means - Basic SB Account (1075)

Salient features of the scheme

  • Minimum opening balance of ₹ 5/-, thereafter Zero balance
  • No cheque book facility
  • If cheque book facility is required, minimum balance to be maintained ₹ 250/-
  • 6 transactions (debit and credit) per month or 80 transactions per annum
  • No incidental charges
  • Anywhere banking, for those availing cheque book facility
  • Nomination is mandatory

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* Conditions Apply

Savings account for NRE to maintain foreign currency earnings in Indian rupees.

Eligible to operate a Savings Account

NRE Saving accounts can be opened in the names of non-resident individual of Indian nationality or Person of Indian origin.

Non-Resident Indian (NRE)

As per clause 2(W) of FEMA 1999 indicates that “ A person resident outside India” means a person who is not resident in India.

FEMA 1999, as per Clause 2(V) defines a “Resident” as under.

A person residing in India for more than 182 days during the preceding FY but does not include a person gone out of India for employment, business, vocation outside India or for any other purpose where his intention to stay outside India for an uncertain period.

Person of Indian Origin (PIO)

PIO means a citizen of any country other than Bangladesh or Pakistan, if he at any time held an Indian Passport, he or either his parents or Grandparents was an Indian and permanent resident in India at any time.

To open Savings Account, you just need to provide

  • Duly completed account opening form
  • Photocopy of current passport
  • Photocopy of valid work permit or employment visa
  • Employment letter
  • Photocopy of PIO Card
  • Proof of residence of the applicant
  • Two recent passport size color photographs of applicant(s)

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* Conditions Apply

Salary accounts of employees of Institution / Corporates. - SB Salary (1015)

Salient features of the scheme

Product Names
Particulars Salary Savings
(SB Salary (1015))
Minimum Balance
(with or without Cheque book)
Zero Balance
Free Cheque Leaves 25 Cheque Leaves p.a.
Internet/Mobile Banking Free
DEBIT Card Issuance Fees Free

Apply Now

* Conditions Apply

Special Savings for women - Maitreyee (1014)

Salient features of the scheme

Product Names
Particulars Maitreyee
(1014)
Average Monthly Balance (AMB) ₹ 5000/-
Free Cheque Leaves 50 Cheque Leaves p.a.
DD/Payorder 25% concession
Internet/Mobile Banking Free
DEBIT Card Issuance Fees Free
RTGS / NEFT Charges 25% concession

Apply Now

* Conditions Apply