Savings deposit accounts are meant for those individuals who have a habit of saving money from their earnings so that they can use it when they require. It’s an transactional interest bearing account wherein a deposit is placed with the bank for an unspecified term and the account holder can deposit or withdraw the funds whenever require through different means.
• Minimum Balance: Rs. 500
• Interest Rate: 5% P.a.
• Interest payment after every 3 months.
• Facility of Cheque book.