Savings Deposit
Opening Savings Bank Account :
- An account may be opened :
- By person in his own or, By more than one person in their joint names, the amount being payable to all of them jointly or to either or to any one of them or the survivor amongst them. Specific instruction in this regard is required to be given in writing at time of opening account or, in the name of a minor by his natural guardian i.e. father or mother on behalf of the minor or by a guardian appointed by Court. A minor for whom a guardian is appointed by the Court attains majority on completing twenty one years of age, otherwise he will be deemed to attain majority on completing eighteen years of age. Before opening of a minors account, the guardian must give a declaration as to the date of birth of minor.
- If an illiterate or a blind person wants to open an account, he may do so provided his thumb impression and two copies of passport size photographs duly attested officer or by two persons, well known to the Bank are produced. At the time of each withdrawal he will have to remain personally present at the Bank and produce the withdrawal from with the thumb impression attested by a gazette officer or person well known to the Bank. No cheque book is provided to such account holders.
- More than one account cannot be opened in the same name without the special consent of the Bank.
- Except under special circumstances, account may not be opened in the name of Companies, Corporation or Association etc. provided that Saving Accounts may be opened by registered Co-operative Societies subject to the following condition. Each Society will be permitted to maintain only one such account with the Bank provided however that the number of account may be increased for specific purpose with approval of the Co-operative Department.
- Initial Deposit for opening Currrent Account & minimum balance to be maintained in the account : ₹500/-
- Interest is paid half yearly on Savings Account at 3.25% p.a.
Document to be Need :
- Address Proof
- Identity Proof
- One Photograph
Opening Savings Bank Account :
Benefits of savings account :
- Rupay Debit Card.
- Free One Cheque Book
- SMS Alert.
- Mobile App Report.
Rate of Interest :
In Nagarik Samabay Bank, we offer 3.25% p.a rate of interest.
For opening a Savings Account, please download the below listed form and submit it to your nearest branch.
- Notification