Greater Bal Sulabh Saving

In order to cultivate saving habit amongst Minors Greater Bank has launched a suitable scheme in the form of ‘Greater Bal Sulabh Saving Bank Deposit Scheme’. Banking has not only reached its presence in geographical areas such as Metros, Urban – Suburban & rural areas but also it has influenced peoples having difference age groups. Minor’s share in the Indian GDP will be very high in the coming years & hence it is very important to cultivate savings habit among them & Greater Bank’s scheme will be a useful step for the same.

Minor who has completed 10 years of age & above is allowed to deposit / withdraw cash in / from his account independently.

Cheque book facility is allowed only for cash withdrawal for minor himself and not for issue of cheque to third parties.

The overall ceiling of cash deposit / withdrawal once in a day should not be more than Rs.5,000/- and balance in the account should not exceed Rs.1,00,000/- at any point of time.

Minor Operated Accounts can be converted to full-fledged (Major’s) Saving Bank Account on minor attaining the age of 18 years.

In order to cultivate saving habit amongst Minors Greater Bank has launched a suitable scheme in the form of ‘Greater Bal Sulabh Saving Bank Deposit Scheme’. Banking has not only reached its presence in geographical areas such as Metros, Urban – Suburban & rural areas but also it has influenced peoples having difference age groups. Minor’s share in the Indian GDP will be very high in the coming years & hence it is very important to cultivate savings habit among them & Greater Bank’s scheme will be a useful step for the same.

Minor who has completed 10 years of age & above is allowed to deposit / withdraw cash in / from his account independently.

Cheque book facility is allowed only for cash withdrawal for minor himself and not for issue of cheque to third parties.

The overall ceiling of cash deposit / withdrawal once in a day should not be more than Rs.5,000/- and balance in the account should not exceed Rs.1,00,000/- at any point of time.

Minor Operated Accounts can be converted to full-fledged (Major’s) Saving Bank Account on minor attaining the age of 18 years.

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