Small Savings Account

• Small Savings Account opening is a simple process and it can be opened at any of our branches with minimal KYC details

• Our Bank IFSC Code is SRCB0SAM001

• Small accounts are valid for a period of 12 months initially which may be extended by another 12 months if the person provides proof of having applied for an officially valid KYC document

• Total credits in such accounts should not exceed Rs.1,00,000 in a year

• Small Saving bank A/c offers withdrawal through withdrawal slips. Computerized passbook is provided free of charges and can be updated at any of our branches

• The total number of debits by way of cash withdrawals and transfers will not exceed Rs.10,000 in a month

• No restriction on minimum balance

• Interest @2.00% is credited Quarterly

• Beneficiaries of the Government Schemes will get Direct Benefit Transfer into these accounts

• Maximum balance in the account should not exceed Rs.50,000 at any time

• Can be upgraded to regular Saving Bank account with all facilities by providing the KYC documents