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This account opened under SB-NF
Account Scheme is a simplified saving bank
account providing the basic saving bank facilities to customers belonging
to
financially weaker sections.
 WHO
CAN OPEN AN ACCOUNT:
 Only the resident
individuals from weaker sections of the
economy who are unable to
open regular savings account are provided the facility to open this
account in a
single or joint names and avail banking services.
Minimum Initial Deposit/Minimum Balance:
Minimum
balance – Rs.50/-
No service charges for failure to maintain minimum balance.
RATE OF INTEREST:
As per
regular Savings Bank Account i.e. @4.0% p.a.
OTHER
TERMS AND CONDITIONS :
i) No cheque
books
ii) Only 4 withdrawals per month
iii) Maximum amount to be withdrawn shall not exceed Rs.5000/- at a
time and Rs.15,000/- in a month
iv) Charges for cheques deposited in the account but returned unpaid
will be as per regular Saving Bank Account
v) Operation in such account will not be permitted if balance in all
accounts of individual exceeds Rs.50,000/-
or total credits exceeds Rs.100,000/- in a year till full
formalities of KYS are compiled.
MINIMUM
REQUIREMENT:
i)
Introduction from a person known and acceptable to the Bank
ii) Photograph of customer and proof of address or any other
evidence of identity and address to the bank's satisfaction
GENERAL:
The Bank reserves the right to alter, amend, and rescind the
rules from time to time.
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