A Scheduled Commercial Bank Owned by Govt. of India & Govt. of Karnataka and sponsored by : State Bank of India
Savings Savings

Savings Bank-Normal Accounts

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Savings Bank

Savings Bank-Normal Accounts

  • Rural Area: Rs 250 without cheque book facility and Rs. 500 with cheque.
  • Semi Urban Area: Rs 250 without cheque book facility and Rs 500 with cheque.
  • Other Areas: Rs 250 without cheque book facility and Rs 1000 With cheque book .
  • Eligibility : Individuals of 18 years and above Earns interest at 4.00% per annum.Minors can open accounts, but they can operate only at 10 years or older.

Basic Savings Bank Account

The objective of the scheme is to facilitate vast sections of rural poor to open an account with the Bank no frills accounts comes with very low minimum balances with low charges. Ideal for rural poor. Details are

PurposeTo facilitate everyone to open/maintain Bank account with no costs
EligibilityIndividuals with age of 18 years or above
Available atAll Branches of the Bank
Initial deposit amountZero
Minimum balance to be maintainedZero
Rate of Interest4.00% per annum. As applicable to normal savings Bank account
Operation of accountWithdrawls by way of withdrawl slips. Maximum four withdrawls per month including from ATMs. No cheque book facility
All other rules and regulations as applicable to Savings Bank account are applicable.

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