Student Savings Bank Account

Student Savings Bank Account aims to make basic banking facilities available to student community especially students drawing scholarships under Government sponsored poverty alleviation programmes.

The account shall be subject to Know Your Customer (KYC) /Anti-Money Laundering (AML) norm/guidelines for opening of Bank accounts.
The accounts shall be opened with initial deposit of Rs 50/- or above. However, no single credit entry of Rs 5,00,000/=or above shall be permitted
No requirement of maintaining minimum balance. No penalty levied in accounts with ZERO balance.
Debit Card issued free of charges. No annual usage charges levied.
20 free cheque book leaves available to students above the age of 18 years. Beyond 20 leaves charges @ Rs 2/- per leaf charged.
Free e-banking/ SMS facility.
50% concession on normal charges in respect of issue/ cancellation of Demand Drafts & Pay Orders (only for study purpose).
Maximum four withdrawals in a month including ATM withdrawals.
The account shall be offered other facilities like RTGS/NEFT, inter –Branch transfers, collection of cheques etc.against normal service charges.
Holders of ‘Student Savings Bank Account’ will not be eligible for opening any other savings bank deposit account.
Student Savings Bank Account shall be converted to General Savings Bank Account after completion of studies or on attaining the age of 28 years whichever is earlier
Nomination facility available.