Saving Accounts

 


Savings bank accounts are mainly targeted at customers for the purpose of disciplining money management and enhancing their saving habits. A Savings deposit offers liquidity for the money and also earns interest in the process. Savings bank account provides the scope for saving of money at attractive terms even with small amounts with a convenience of withdrawing at your own discretion.

This account can be opened by an individual, jointly with another individual, by a guardian on behalf of the minor, any organization owned or controlled by the Government and Societies. Our prevailing rate of interest is 3% per annum compounded half yearly. The rate of interest changes from time to time. On opening a savings bank account a pass book, containing details of the account, is issued to the account holder. 

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