1.     Any person approved by the bank may open the saving bank account agreeing upon to comply with the rules governing the saving bank account.

2.     Only one saving bank account may be opened

       i.            By a person in his/her own name.

     ii.            By more than one person (but not more than four) in their joint names.

3.     By the literate minor of age 14 years and above at the time of opening of the account.

4.     By the natural guardian i.e. father or mother on behalf of minor, or by a guardian appointed by court of law.

5.     No saving bank account will be opened in the name of companies, corporations, firms etc.

6.     An account may be opened with minimum of Rs.1000 only in cash & the same will be maintained to keep the account running, in case balance less than Rs.1000, Rs. 20 per month will be deducted.

7.     The depositors may withdraw any amount any number of time subject to 120 withdrawals during the year. This rule shall not apply to institutions/clubs etc.

8.     While opening the account, the customer has to full fill the KYC norms by submitting all the necessary relevant documents i.e. 2 latest passport size photographs, any of one documents like electricity bill, Aadhaar Card, ID card of reputed employer, Driving licence, PAN Card, Passport as identification proof and ID card of reputed employer, electricity bill, telephone bill, salary slip etc. as residence proof.

9.     Interest rate of 4% per annum.

10. If there is no transaction in the account continuously for a period of 2 years, the account shall be deemed as inoperative and after 8 years the inoperative account will be transferred to unclaimed deposit account ledger.