These accounts are designed to help the individuals (personal customers) to inculcate the habit of saving money and to meet their future requirement of money. The amounts can be deposited/withdrawn from these accounts by way of cheques/withdrawal slips. It helps the customers to keep minimum cash at home besides earning interests.

Savings Bank accounts are very popular. These accounts can be opened by eligible person/s and certain organisation/agencies (as approved by the Reserve Bank of India (RBI).

As required by law, while opening this account, we will satisfy ourselves about the identity including verification of address of a person/s seeking to open an account; to assist in protecting the prospective customer/s, members of the public and ourselves, against fraud and other misuses of the banking system.

The Bank is required to obtain two recent photographs of the person/s opening the account, as per R.B.I. directives.

The Bank will provide to prospective customers, details of the documents required for identification of the person/s opening the account, in addition to a satisfactory introduction. Documents normally accepted are the Current gas/telephone/electricity bill or ration card or voter's identity card or driving licence or passport, etc.

A Savings Fund account can be opened in the name of individuals, singly or jointly, minors of the age of 10 years and above or under natural/legal guardianship or by an illiterate/blind person.

QAB/ Minimum Balance Requirements For SF Accounts As Per Category of Branch