Saving Account Savings BankAccount is the most common type of demand deposit. The depositor can open the account, deposit and withdraw money as and when required. There is a minimum balance required to be maintained and a chequebook is given to the customer to enable withdrawals. The customers can withdraw money using the withdrawal forms prescribed by bank and available at the branch.
Eligibility All types of customers except firms
Minimum Amount Rs 1000 with cheque book facility Rs 500 without cheque book
Nomination facility Nomination facility is available only for the individual & joint accounts