savings bank account

• Savings bank accounts are designed to encourage depositors to save small amounts of money regularly.
• Interest rates, determined by the bank, will be applied to the daily balance and credited to the account semi-annually.
• A deposit of Rs. 500 is required to open an SB account, and the same amount must be maintained to keep the account active.
• Cheque Book facility will be provided to the account holder who maintains a minimum balance of Rs.1000/-