Savings Deposit

This is a common deposit for all class of people. As the name itself shows, any amount meant for savings can be deposited in this a/c. Interest will be calculated on daily outstanding balance and will be paid every half year. SMS alert will be sent to customer’s mobile number for each and every transaction done in this account. As this is meant for savings, there will be a restriction in the number of withdrawals during a half year by using cheque books. It will be limited to 50 withdrawals per half year.Our bank provides 4% interest to Savings Bank A/c on Daily Basis.

Sl.No
Particulars
Commission Amount
1
For Cheque Books of SB Accounts
  1. 5 Nos of Cheque Books of 10 Leaves may be issued during a period of six months FREE of cost provided it was not issued in lump sum.
  2. Rs.50/- per Cheque book is to be charged for additional cheque book issued after minimum 5 Nos during a period of 6 months.
  3. Rs.100/- per Cheque book is to be charged if more than one book is required/demanded irrespective of minimum 5 to be issued free of cost.
  4. No cheque book is to be issued if minimum balance is below Rs.500/-.
2
For Cheque Books to societies and Institutions(other than Individuals) 
To be issued FREE of cost
3
For Cheque/Bills returned
0.05% of the amount of instrument subjected to the minimum of Rs.25/- and maximum of Rs.250/- plus actual cost including postage
4
For closing of Saving Account
Rs.15/- per account.
5
For Stop payment instruction
Rs.15/- per instruction
6
For duplicate Pass Book/Statement of Accounts of Savings
  1. Rs.25/- for issuing with latest balance.
  2. Rs.10/- per page subjected to minimum of Rs.25/- for issuing with previous entries.

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