The objective of this facility is to cultivate the saving habit among the small depositors. The transactions are of non-business and non-commercial nature. All Individuals singly or jointly, Professionals, Clubs, Associations, Charitable Trusts, Religious Institutions, Government bodies established under specific Acts are eligible to open these accounts. The rate of interest is 4% p.a. on daily basis with nomination and Cheque Book facility. Standing instructions are executed as per the stipulated service charges and service charges are applicable for not maintaining minimum balance.
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