Minimum quarterly average balance (QAB) & charges for not maintaining QAB
Documents required for opening the account
Nomination Facility
Transactions
Additional facilities
Resident Individuals (either singly or jointly), Associations, Trusts, Hindu Undivided Families (HUFs), Clubs, Societies etc. Institutions specially permitted by RBI.
Area of Branch
Minimum Qly. Average Balance
Initial Deposit
Rural
Rs.500/-
Semi- Urban
Rs.1000/-
Urban
Rs.2000/-
Metropolitan
Rs.2000/-
Account Opening Form (AOF)
Identity & Address proof as per KYC norms
Photo
Related documents in case of Associations, HUF, Clubs, Trust, Society etc.
Other related documents as per RBI Guidelines
Available to eligible persons as per rules
Debit entries in a half year should not exceed 40.
IBS, ATM, SI debits and debits of charges are not included under limit of 40 per half year.
If debit transactions exceed 40, charges will be applicable
3rd party cash payments up to a maximum of Rs.50,000/- per day.
Transfer Transactions up to a maximum of Rs.1,00,000/- per day. Third party cannot withdraw any amount through withdrawal slip. There is no limit of Maximum amount through withdrwal slip at the base branch.
In case the account holder visits the branch himself, Withdrawal Slip must accompany the Passbook.
Inter-sol cash Payments to account holder himself is restricted up to the limit of Rs. 5,00,000/-
