Saving Account

Regular Savings Bank Account:

 

Eligibility: Individual - Single Accounts, Two or more individuals in Joint Accounts , Illiterate Persons Blind persons, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI

Minimum balance maintenance required : for cheque book accounts Non cheque book accounts

Penalty for non-maintenance of minimum balance

Nomination facility available.

Basic Savings Bank Deposit Accounts [BSBDA]

Minimum balance maintenance not required

Restrictions on cash deposition and withdrawals