Interest payable, Rates, Periodicity etc. | Minimum Amount for opening of account and maximum balance that can be retained |
Rate of interest 7.6% Per Annum(with effect from 01-01-2023 ), Yearly compounded. |
Minimum INR. 250/-and Maximum INR. 1,50,000/- in a financial year. Subsequent deposit in multiple of INR 50/- Deposits can be made in lump-sum No limit on number of deposits either in a month or in a Financial year |
Channel of Subscription/Opening of accounts: - Through all Branches, Mobile Banking & Internet Banking. |
Salient features |
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(vi) For premature closure of account submit prescribed application form along with pass book at concerned Branches.. (ii) Death of the guardian by whom account operated. (iii) Complete documentation and application required for such closure. |