SB Accounts are opened in the name of individuals to encourage thrift. There is no upper or lower limit prescribed for SB Account. When money is not immediately required individuals keep money in Banks because for minimum balance maintained during the month one can earn interest. But money kept in SB A/c is available for use any time.

 

Eligibility
1. Any individual including a minor.

2. Any individual with another or more individuals (joint account)

 

1. Minimum deposit of Rs.100/-

2. Photograph

3. Introduction

4. Date of birth in the case of minors.

5. Address Proof.

 

Current Account is meant mainly for businessmen, firms, limited companies, public limited companies, Government organisations, Government Departments, Schools, colleges etc.In a Current Account a customer can deposit any amount any number of times. There is also no restriction for withdrawals. These are accounts, which are opened for business transactions without any intention of earning interest.

 

1. Minimum deposit to open an account is Rs.500/-

2. Photograph

3. Introduction by a respectable person known to Bank.