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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. |
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Eligibility | All types of customers except firms | ||
Minimum Amount | Rs 1000 with cheque book/ATM facility / Rs 500 without cheque book | ||
Nomination facility | Nomination facility is available only for the individual & joint accounts | ||
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