Earns a nominal interest of 3% per annum on daily balance basis and such interest in credited to the account at the end of September and March of every year.
Individuals on their own or in association with others or in the name of the minor children, charitable trust, clubs, and associations not for profit may open this type of account.
Local and outstation cheques in the names of account holders accepted for collection.
Standing instructions accepted.
Initial amount and minimum credit balance to be maintained in the account with cheque facility is Rs. 1,000 and account without cheque facility is Rs. 500.
Passbook issued free of cost. Duplicate passbook issued on payment of prescribed fee.
