Bank Account

• An account may be opened in the name of one person or jointly in the names of two or more persons.
• The mode of operation of a joint account should be specified at the time of opening the account and cannot be changed subsequently, without the written consent of all the joint account-holders.
• All Savings Bank Accounts irrespective of their mode of operations must comply with KYC standards/Anti Money Laundering(AML) Measures. For opening of accounts; proof of identity, proof of address and recent photograph is mandatory for all individual accounts. For all other accounts some more documents would be required to fulfill the norms.
• In approved cases, an account may be opened in the names of associations, clubs, co-operative societies (with the permission of the Registrar of Societies), Trusts or other non-trading Institutions for purposes of depositing savings, provided the relevant bye laws, rules, etc. are found acceptable to the Bank and are strictly adhered to and when required a suitable indemnity is given to the Bank.

A Savings Bank account of a minor may be opened to be operated upon by the natural guardian of the minor or by the guardian appointed by the Court.

Any depositor unable to write must attend in person and (in the presence of an approved witness who knows the depositor and is known to the Bank) affix his thumb impression to the application and other forms and have it attested by the signature of the approved witness.

The smallest sum that can be deposited at the time of opening an account and also for maintaining stipulated minimum balance is as under

• Without Cheque book facility : (Individuals) Rs.250/-
• With cheque book facility : Rs.500/-

 Interest on Savings Bank account will be calculated on daily product basis or as prescribed by the Reserve Bank of India from time to time. Interest to SB A/cs are applied every half yearly @ 3.00% p.a.

Nomination Facility is available to new as well as existing SB Accounts. A nomination form duly filled up and signed by all account holder/s is required to be submitted to the Bank for the purpose. The account holder/s can make, cancel and vary the nomination at any time during currency of the account by submitting the prescribed form for the purpose duly signed. The nomination can be made in favour of only one individual.

Documents required

• Aadhar card copy self attested
• PAN card copy self attested
• 2 photographs
• Introduction signature on the form

Period/Type	Rate of Int.
Saving Deposit	3.00%

• Current Accounts can be opened by Businessmen / Proprietorship / Partnership Firms / Public or Private companies requiring to do multiple or numerous business transactions.
• There is no limit on the number of transactions.
• Minimum Balance to be maintained is Rs.2000/- in the account.
• No interest will be allowed on balances on Current Accounts.
• Depositors enjoying any credit facilities with other Bank(s) must furnish full particulars of such facilities with the name(s) of the banks concerned. The Bank has every right to refer to the lending Banks concerned for Status reports/No Objection Certificate before opening such other bank borrowers’ CD accounts with the Bank.
• Duly filled in Account Opening Form with valid residential proof, PAN Number, Registration Certificate, Partnership Deed, Memorandum of Association as the case may be.
• Nomination Facility is available.