Savings Account

Savings account is intended to cultivate the habit of savings. It enables account holders to credit their savings as and when possible and withdraw when ever the customer needs.

  1. Interest will be credited to the accounts of the depositors yearly twice (i.e) on 1st April and 1st October basing on the minimum amount maintained from 5th to last day of each calendar month
  2. An account can be opened with an initial deposit of  Rs.500/- and depositor should always Maintain a minimum balance of  Rs.500/-
  3. Withdrawals are permitted only by withdrawal forms provided by the society
  4. Nomination facility is available
  5. Savings account can be opened by
    1. A person on his/her own behalf
    2. Members of two (or) three of same family members by E (or) S mode or in Joint
    3. Clubs, Associations, Registered (or) unregistered charitable or religious institutions etc.,


  1. Application to open a savings account should be made in the society’s prescribed format.
  2. Photo identity copies & photos of the account holder should be produced. (Aadhar and Pan card are essential)

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