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Small Savings Bank Account

  • Simplified KYC norms
  • ATM card
  • SMS Alert Facility
  • Any Resident Individual

Minimum Balance Requiremnt

  • Minimum Balance - No Stipulation / limit
  • Maximum Balance - The balance at any point of time should not exceed ₹50,000
  • The aggregate of all withdrawals and transfers in a month should not exceed ₹10,000
  • The aggregate of all credits in a financial year should not exceed ₹ 1.00 lakh
  • Debit card, Cheque book, Internet banking & Mobile banking is not allowed
  • Foreign remittances cannot be credited to SMALL SB account without complying full KYC formalities
  • This account is valid for a period of 12 months initially which may be extended by another 12 months if the person provides Proof for having applied for an officially valid document