Simple Savings Scheme

  • Depositing of local cheques / P.O./ DD for credit will be allowed

  • Maximum credit in the account not to exceed Rs.50,000/- and total turnover in a year not to exceed Rs.1,00,000/- (Rupees one lac only). In the event, the above limitations are crossed, branch should close the a/c and transfer the a/c to normal SB portfolio, after complying with the KYC norms

Terms & Conditons of Account :

  • Only three withdrawal transactions shall be allowed in a month

  • No transaction charges of the amounts transferred within the branch. All other remittances to outside agencies shall be allowed at normal applicable service charges

  • No service charges shall be levied, including for balances below the minimum balances and zero balance

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