Terms & Conditions

• The interest rates offered on accounts are subject to change based on prevailing market conditions. The bank reserves the right to adjust these rates accordingly without prior notice.
• A deduction of Rs. 25 will apply to accounts maintaining a balance below Rs. 500. This fee will be charged monthly to the respective accounts falling below the minimum balance requirement.
• An account holder must maintain a minimum balance of Rs. 1,000 to be eligible for accruing interest income. Failure to maintain this minimum balance may result in the account not qualifying for interest earnings for that period.
• Interest is calculated based on the daily account balance and credited to the account monthly. The interest rate applied will be following the bank’s prevailing rates.
• Account holders enjoy greater flexibility as there are no penalties or reductions in interest for making any number of withdrawals within a specified period. This allows you the freedom to access your funds as needed without impacting the interest earned.
• A passbook will be issued.
• Normal savings-related fees and charges will be applicable.