KB SAVINGS ACCOUNT (REGULAR)
PRODUCT TO HELP PARK SURPLUS FUNDS FOR FREQUENT USE
The basic features of Savings Bank Account are as follows,
ELIGIBILITY
- Any resident individual–single Accounts, Two or more individuals in joint accounts, illiterate persons, Visually impaired persons, Minors, Associations, clubs, societies, Trusts, Institutions, Agencies permitted by RBI.
UNIQUE SILENT FEATURES
- Simplest deposit option available to the depositor.
- On daily balance at applicable interest and applied Half Yearly on the last working day of September and March.
- Any where Banking
- ATM-cum-DebitCard
- Cheque facility
- Internet Banking/ MobileBanking
- Fund Transfer Facility
- SMS Alert
- No TDS on interest on SB
- E-mail statement of accounts
- Low minimum balance requirments
Centers Without cheque book With cheque book Urban Rs 500 Rs 1000 Semi urban Rs 250 Rs 500 Rural Rs 100 Rs 250 For pensioners Rs 100 Rs 250 - Zero balance facility also
- Provision for Nomination
- Service charges applicable
- 20 cheque leaves free for first year
- To comply KYC
- To obtain grant from Govt or DBT sevice Aadhaar must be linked with account
- Any where Banking
- PAN/Form 60
- PAN card linked for cash transaction Rs 50000 and above