Savings Bank Account

A person duly introduced to the bank willing to open an account should apply in the form supplied with particulars required there in duly filled in as per KYC forms.
Every applicant will be deemed to have read and accepted these rules.
Account may be opened in the name of an individual or jointly in the names of two or more to be payable to either or both all of them or to the survivor or survivors.
Not more than one account may be opened by one person in his/her name special arrangement can be made of Guardians and parents willing to open accounts.
Interest is allowed against balance on daily basis at the rate of 3.50% percent per annum. The amount of interest will be added to each account twice in a year i.e. on 30th Sept. and 31st March.
If the money is not withdrawn within a week after the expiry period of notice the notice shall be considered as cancelled.
A sum not less than Rs.100/-can on any day be transferred into a Fixed Deposit with the Bank and for doing this notice is necessary.
No money withdrawn account closed is allowed without the production of the Pass Book.
Depositor should see that the entries are correctly made and duly acknowledged in the Pass Book.

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