Savings Accounts
Navabharat Savings Accounts can be opened by individuals having valid Know Your Customer (KYC) documents. Navabharat Savings Accounts at any of the branches of the bank. The following are the Navabharat Savings Accounts’ features. • Minimum Day end balance to be maintained is Rs. 1000 • Maximum balance: There is no upper limit • Cheque Book facility can be availed against payment of Rs.40 + GST for 10 cheque leaves; Rs.75 + GST for 25 cheque leaves. • Withdrawals at the Home Branch can be availed by using withdrawal forms free of charges. • Nomination facility is Available • A Pass Book will be issued; transactions will be recorded therein. • Statement of accounts can also be sent through e-mail. • Duplicate pass book can be obtained if original is lost, on payment of charges. • SMS alerts will be sent furnishing the transactions in the Account.
Eligibility:
The following persons having valid KYC documents are eligible to open Savings Account. • Individuals • Central/State Government Departments/ bodies/ agencies, • Organizations for Development of Women and Children in Rural areas, • Self-help Groups, etc. (if eligible to open SB accounts) in respect of grants, subsidies released for implementation of various programmes/schemes sponsored by Central Government/State Governments subject to production of an authorisation from the respective Govt depts to open Savings Account.
Mode of Operation:
Single/Jointly/Either or survivor/ Former or survivor, Later or survivor, etc
KYC requirement:
The account shall be KYC compliant.
Terms & Conditions
• The Customer can have only one Savings Account; If he/she has another Savings it is to be closed within 30 days of opening the account; • Bank can close a Savings Account on return of 3 cheques or if minimum balance is not maintained. • 5 cash withdrawals free of service charges will be allowed per month.
Service Charges
• Receipt and credit of money through electronic payment channels like NEFT/RTGS will be free. • Deposit/ collection of cheques drawn by Central/State Government will be free. • No charge on activation of inoperative accounts • No account closure charges.
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
