1. SB accounts can be opened in the following categories:

  • An individual in his own name.
  • More that one person in their joint names.
  • A guardian on behalf of the minor.
  • Clubs, Associations, Charitable institutions and Professionals, Society, Trust etc. with Certificate from Income Tax Authorities regarding exemption of their income from payment of income tax.

2. Minimum Balance to be maintained in the Account is Rs. 1000.00 with cheque book facility and Rs. 500.00 without cheque book facility.