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Savings Bank Account
1.Who can open Savings Bank Account?
Individual in personal capacity.
Individual in joint names.
A minor with natural guardian.
A minor over the age of 12 years and who is literate.
Charitable and Educational Institutions, which is non-commercial.
A blind.
An illiterate.
2.Who cannot open Savings Bank Account?
Government Department.
Corporation.
Commercial Organisation.
Mentally Retarded.
Political Parties.
3.Formalities for opening an account
Application Form.
Introduction.
Photographs (two).
PAN Card.
Passport.
Driving License.
Identity Card with photograph.
Election Voters Card (EPIC).
4.Minimum Balance.
With cheque facility : Rs.1000.
Without cheque facility : Rs.500.
5.Interest Rate.
3.50% p.a.
6.Facilities.
Nomination.
Collection of cheques / drafts.
Standing instructions.
Cheque book.
RTGS/NEFT, SMS Alert, Mobile Banking
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TAICO Bank Ltd.
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Yamee Cluster
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