A savings account is a deposit account held at a retail bank that pays interest but cannot be used directly as money in the narrow sense of a medium of exchange.
These accounts let customers set aside a portion of their liquid assets while earning a monetary return.
Name | Interest Rate |
---|---|
Saving Account | 3.25% |
* Minimum 1000 rupees deposit is required
Documents required for opening a Saving Account* Address Proof (Passport / Aadhar Card /Driver’s Licence / Voters ID / PAN Card)
* Partnership Deed (in case of Partnership Firm)
* Certificate of Incorporation, Memorandum of Association and Articles of Association (in case of Companies)
* A Cheque for opening the Bank Account.
* Address Proof of the Firm/ Company/HUF.