The "Saving Account" is generally opened in bank by salaried persons or by the persons who have a fixed regular income. This facility is also given to students, senior citizens, pensioners and so on.
Saving accounts are opened to encourage the people to save money and collect their savings
| NAME OF SCHEME | SPB GENERAL SAVING BANK ACCOUNT |
| TYPE OF DEPOSIT | GENERAL SAVINGS BANK ACCOUNT |
| MINIMUM BAL IN A/C | Minimum_balance_charges |
| KYC COMPLIANCE | IN FULL |
| BASIC FEATURES/FACILITIES | NOMINATION FACILITY (INDIVIDUALS ONLY) 30 CHEQUES FREE PER YEAR FREE ATM CARD IN FIRST YEAR |
| NAME OF SCHEME | SPB JUNIOR SAVING BANK ACCOUNT | |||
| TYPE OF DEPOSIT | SAVINGS BANK ACCOUNT | |||
| MINIMUM BAL IN A/C | Minimum_Balance_Charges | |||
| KYC COMPLIANCE | IN FULL | |||
| NOMINATION FACILITY (INDIVIDUALS ONLY) | ||||
| OPERATION IN THE ACCOUNT ALLOWED ALONGWITH GUARDIAN | ||||
| CEILING OF DEP/WITHDRAWAL OF Rs. 5000/- PER DAY | ||||
| CONVERSION OF MINOR A/C TO MAJOR ON ATTAINING MAJORITY | ||||
| NAME OF NEW SCHEME | SPB PREMIUM SAVING BANK ACCOUNT SCHEME |
| TYPE OF DEPOSIT | SAVINGS BANK ACCOUNT |
| MIN REQUIREMENT | AVERAGE MONTHLY BAL Rs.50,000 |
| MINIMUM BAL IN A/C | Minimum_Balance_Charges |
| KYC COMPLIANCE | IN FULL |
| NOMINATION FACILITY (INDIVIDUALS ONLY) | |
| FREE PERSONALISED 3 CHEQUE BOOKS PER YEAR | |
| BASIC FEATURES/FACILITIES | |
| WAIVER OF DD/PO ISSUE CHARGES | |
| WAIVER OF REMITANCES/NEFT/RTGS CHARGES |
Urban Co-operative Banks are advised to offer a ‘Basic Savings Bank Deposit Account’, which will offer following minimum common facilities to all their customers, by RBI
- The ‘Basic Savings Bank Deposit Account’ should be considered a normal banking service available to all.
- This account shall not have the requirement of any minimum balance.
- The services available in the account will include deposit and withdrawal of cash at bank branch as well as ATMs receipt/credit of money through electronic payment channels or by means of deposit/collection of cheques drawn by Central/State Government agencies and departments ;
- While there will be no limit on the number of deposits that can be made in a month, account holders will be allowed a maximum of four withdrawals in a month, including ATM withdrawals; and
- Facility of ATM card or ATM-cum-Debit Card;
The above facilities will be provided without any charges. Further, no charge will be levied for non-operation/activation of in-operative ‘Basic Savings Bank Deposit Account’.
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