All individuals including those employed in reputed companies, among Software, Public /Private sector, Govt.
MINIMUM BALANCE REQUIREMENT
While opening the account, the account can be opened with '0' balance. The account provides certain concessions and in order to be eligible for the concession, Quarterly Average Balance should not be less than Rs 5,000/-
SPECIAL FEATURES / CONCESSIONS
Facility for automatic transfer of balance in SB to Term Deposit – If the quarterly average balance is Rs.25000/- and above, this facility is offered, where in the balance exceeding Rs.35000/- will be swept out in units of Rs.2000/-and kept in TD. When the balance goes down below the minimum requirement, adequate number of units will be closed and transferred to SB on a last in – first out basis.