Saving Deposits

SAVING BANK ACCOUNT

How to open a Savings Bank Account
(i) Application to open an account must be made in Bank's prescribed account opening form. It should be made, in person, in the presence of Bank’s authorized officer and the applicant must fill in all the columns of the application form. Each applicant will be required to sign a declaration to the effect that he has read and accepted the Savings Bank Rules.

(ii) Illiterate depositor, unable to write, must attend in person and affix his/her thumb impression on the account opening form in the presence of an approved witness, who is known both to the bank and the applicant. Such illiterate depositor should lodge his/her recent photograph with the bank, duly attested by a person known to the bank. Thus, he/ she need not have his/her thumb impression attested by a witness every time he/she withdraws money from the account. It will suffice, if he/she affixes his/her thumb impression in the presence of an officer of the Bank.

(iii) At the discretion of the Bank, illiterate persons are allowed to open accounts jointly with persons who are literate or illiterate and closely related to them, to be operated upon jointly.

(iv) Nocheque book facility will be extended in the single or joint savings bank account of the illiterate depositors.

(v) Every account holder should submit copies of his/her recent passport size photograph at the time of opening an account.

(vi) The account is to be introduced by an existing account holder having satisfactorily conducted account with the Bank. Whenever a deposit account is opened and introduction is taken from an existing account holder; the following conditions must be fully satisfied:

(a) The account of the introducer should be minimum six months old and
(b) The account of the introducer should have been satisfactorily and actively conducted.
(c) The account of the introducer should be KYC compliant. It means the proposed introducer has complied with the KYC requirement in respect of the account maintained with the Bank.

Any of the following documents bearing photograph of the holder is also accepted for the purpose of identification.
a) Valid Passport
b) PAN Card
c) Driving Licence
d) Voters ID Card
e) Defence ID Card
f) Identity Card of employees of central/State Govt. & Public Sector Undertakings
g) Senior Citizen’s Card