A Savings Account for everyone to inculcate the habit of saving and promote thrift. Bank offers you a host of convenient features and banking channels to transact through. Personalized service coupled with technology enabled products is the hallmark of our service. All the services are offered to you with very simple terms and conditions and minimal balance charges. The salient features of the saving account are given as under
Eligibility |
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Mode of operation | Single/Jointly/Either or survivor/ Former or survivor, Later or survivor, etc. |
Minimum balance | Should always maintain a minimum balance of Rs.500/- (without checkbook facility) and Rs.1000(with checkbook facility) to keep the account |
Requirements for opening account |
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Nature of deposit | Running (Operative) account |
Interest rate | 3.00% |
Periodicity of interest payment | Interest is calculated on the daily balance maintained in the account and credited to SB accounts on quarterly basis. |
Special rate for senior citizen | Not applicable |
Special rate for bulk deposits | Not applicable |
Nomination | Facility Available |
Other facilities | ATM-cum-Debit Card, Pass book/Pass sheet, Standing Instructions, Cheque Collection, UPI, Mobile Banking (Sreenidhi mobile app), SMSAlerts & Cheque Book facility, etc.. |
Application & documents |
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Inoperative accounts |
Accounts in which there are no operations for a period of two years and above from the date of last operation will be treated as inoperative accounts. Service charge as prescribed by the bank will be levied on such accounts. if no operations are there for ten years amount will be transfer to DEAF account @ RBI. The Bank reserves to itself the right to alter/add/delete the rules at any time. For this purpose, the Bank shall not require to give a separate notice to each account holder. All announcements of any change in the rules, displayed on the Bank’s Notice Board or published in the press/ Bank’s web site shall be deemed to be sufficient notice to all account holders. |
Closure of account |
Request for closure of account shall be in writing. The account holder shall return all unused cheque-leaves and Pass-book. He / She shall declare that all cheques issued by him / her on the account have been duly accounted for in the account before closure. In case of joint accounts, for closing the accounts, all the depositors should act in accordance with the instructions given at time of opening the account The bank reserves to itself the right to close any account, which in its opinion is not properly conducted or is otherwise undesirable for any reason. If the account is closed within one year from the date of opening, incidental charges as prescribed by the bank will be levied and deducted from the balance before it is paid. |
Our Expert will call you back on the number provided by you within 24-48 hours to assist you further. Thank you for your interest in Sreenidhi Souharda Sahakari Bank Niyamitha