Savings Deposits
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Savings Deposits
A savings account acts as one of the simplest banking instruments for most people in India. Let us find out some of the most important features of savings accounts
- Account holders earn interests on the amount in their savings account @3%
- Accountholders get debit cards or ATM cards (Rupay Card) that can be used to make payments, online transactions, or withdraw cash from ATM
- Carry out fund transfers using UPI, NEFT, IMPS, or RTGS through banking application of Sewa Bank on your mobile or by visiting the bank branch.
- Most accounts have no limit on the amount that can be deposited in the savings account
- Bank deposits up to Rs. 5 lakh are secured by DICGC
- Interest payable on saving account half yearly
- Option to deposit or get cheques issued directly using your savings account
Types Of Savings Account
Document Requirement for Opening of Savings Account
Individual Account
- 2 Photo
- ID Proof and Address Proof
- Pan Card / Form 60 of Individual
- Aadhar Card
Joint Account
- 2 Photo
- ID Proof and Address Proof
- Pan Card / Form 60 of Individual
- Aadhar Card
Minor Account
- Minor Birth Certificates
- Aadhar Card
- 2 Photo, ID Proof, Address Proof and Pan Card / Form 60 of Guardian
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