Home Saving Safe Accounts (H.S.S)

Features

HOME SAVINGS SAFE ACCOUNTS ( H.S.S)
  1. Purpose

Offers you to deposit your Small Savings etc , and utilize the same for your day to day requirements
  1. Who can open a savings account?
  • An individual – Single Account.
  • Joint Accounts in the name of two or more individuals.
  • Minor jointly with his/her natural / appointed guardian
  • Minor who is literate and of the age of 10 years and above individually in his/her name.
  • Blind persons.
  • Illiterate persons
  • Hindu Undivided Family (HUF)
  • Receivers/administrators/Attorney appointed by Courts etc
  • Non-Residents.
  • Associations, Clubs, Societies (including Co-operatives) etc.,
  • Trusts (if they do not conduct any business which is of commercial nature).
  • Institutions/Agencies specifically permitted by the Reserve Bank of India
  • [Military units for the funds of Regimental Units mainly consisting of contributions from individual members of the Unit, income from Regimental properties, collections made on Army Day etc].

 

 

*Refer RBI circular issued from time to time for eligibility.

3.Documents required  for opening of HSS Accounts:
  • Passport
  • Driving License
  • Voter's Identity Card issued  by Election Commission of India
  • Aadhaar letter issued by UIDAI
  • Job card issued by NREGA duly signed by an officer of the State Government.
  • The letter issued by the Unique Identification Authority of India containing details of name, address and Aadhar number
  • PAN card.

4.Minimum Balance Requirement: 

 

 

(1) For Metro /Urban Branches   -    ₹2000/-

      For Semi Urban Branches -        ₹1000/-

      For Rural Branches -                  ₹500/-

          

 

 

 

5.Cheque Book Issuance  Charges

 

Personalized request through 

 

Individual

Non-Individual

Upto20 Leaves

One Cheque book of 20 Leaves free in a Financial Year 

One Cheque book of 20 Leaves free in a Financial Year

Above20 leaves
  1. Digital mode ₹3/- per leaf
  2. Branch mode ₹4/- per leaf

₹5/- per leaf

*Charges are applicable as per service charges circular and subject to change from time to time as per Bank’s discretion

6.Interest

Rate of Interest is decided by ALCO and subject to change from time to time as per Bank’s  discretion

7.Nomination Facility

Nomination Facility is available

8.Other Facilities
  • Cheque Collection
  • Stop Payment
  • Sweep Facility
  • Standing Instructions
  • Internet Banking
  • Mobile Banking
  • Locker facility
  • Whatsapp Banking
  • M-Passbook
  • No penalty or charges for non-maintenance of    minimum balance.
  • SMS Alerts on deposit /withdrawal etc.

 

             

For more information please contact our nearest branch.