Saving Account
A Savings Account is a basic and essential type of bank account that helps individuals save money while offering easy access to their funds. It is ideal for people looking for a secure place to store their money, earn some interest, and manage their everyday transactions with convenience.
Savings accounts are often the starting point for most people when they begin their banking journey.
Features
Eligibility Requirements
KYC
Rates & Others
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Can be opened by individuals and non-profit organizations
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Benefit of liquidity and interest to the a/c holder
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Collection of cheques in the account
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Interest payable on daily outstanding balance
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Minimum average balance in the form of MAB/QAB may be stipulated
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Standing Instructions (SI) may be issued
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ECS facility for utility bill/other periodical payments
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At par cheques (at all branches)
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Nomination facility
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Multiple access points - Branch (Home/non-Home) | ATM | BC | Net banking | Mobile banking | POS