Home Saving Safe Accounts (H.S.S)

Features

HOME SAVING SAFE ACCOUNTS ( H.S.S)

Purpose

Offers you to deposit your Small Savings etc , and utilize the same for your day to day requirements.

Who can open the Account :

An individual – Single Accounts.
Joint Accounts in the name of two or more individuals.
Minor jointly with his/her natural / appointed guardian
Minor who is literate and of the age of 10 years and above individually in his/her name.
Blind persons.
Illiterate persons
Hindu Undivided Family (HUF)
Receivers/administrators/Attorney appointed by Courts etc
Non-Residents.
Associations, Clubs, Societies (including Co-operatives) etc,
Trusts (if they do not conduct any business which is of commercial nature).
Institutions/Agencies specifically permitted by the Reserve Bank of India
[Military units for the funds of Regimental Units mainly consisting of contributions from individual members of the Unit, income from Regimental properties, collections made on Army Day etc].
*Refer RBI circular issued from time to time for eligibility

Documents required for opening of HSS Accounts :

Passport
Driving License
Proof of Possession of Aadhaar number
Voter's Identity Card issued by Election Commission of India
Job card issued by NREGA duly signed by an officer of the State Government.
The letter issued by the National Population Register containing details of name and address
PAN Card

Minimum Balance Requirement: ( On Quarterly Average Balance basis)

(1) For Metro /Urban Branches   -      Rs.2000/-
      For Semi Urban Branches -          Rs.1000/-
      For Rural Branches -                    Rs. 500/-
(2) Charges for non-maintenance of minimum balance:
     i For Rural   Branches
        QAB between Rs 250 Rs500/-      Rs 30/ per quarter
        QAB less than Rs 250/-                Rs 60/ per quarter
     ii For Semi Urban
        QAB between Rs 500Rs1000/-     Rs 60/ per quarter
        QAB less than Rs 500/-                Rs 120/ per quarter
     iii For Urban Branches
         QAB between Rs 1000Rs2000/-    Rs 100/ per quarter
       QAB less than Rs 1000/-   -           Rs 180/ per quarter
    iv For Metro Branches
        QAB between Rs 1000 Rs 2000/-    Rs 150/ per quarter
        QAB less than Rs 1000/-                 Rs 240/ per quarter
As per bank new service charges circular no 2128 dated 27.08.2019 time to time changes as applicable.