Saving Bank Account has been introduced in banks with a primary intention of developing the saving habits of ordinary people. It allows one to deposit his cash in the bank even in small amounts and withdraw his money whenever he wants. Safety is one of the attractive benefit. An SB Account offers a moderate interest rate also. The rate of interest as per Reserve Bank of India Guidelines .
Minimum Balance Rs. 500 (A/c without cheque book)
Minimum Balance Rs. 1000 (A/c with cheque book)
Rate of Interest on Deposits revised from 01.11.2025
| Savings Bank Account | 2.70% |
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