Interest payable, Rates, Periodicity etc. | Minimum Amount for opening of account and maximum balance that can be retained |
Rate of interest 7.6% Per Annum(with effect from 01-07-2022 ), Yearly compounded. |
Minimum INR. 250/-and Maximum INR. 1,50,000/- in a financial year. Subsequent deposit in multiple of INR 50/- Deposits can be made in lump-sum No limit on number of deposits either in a month or in a Financial year |
Channel of Subscription/Opening of accounts: - Through all Branches, Mobile Banking & Internet Banking. |
Salient features |
(ii) Death of the guardian by whom account operated. (iii) Complete documentation and application required for such closure. |
(vi) For premature closure of account submit prescribed application form along with pass book at concerned Branches.. |