Regular Saving Bank Account Small Account No Frill Account PM Jan-Dhan Yojna Naini Mahila Samrudhi Saving Bank Account Naini Champ Saving Account Naini Salary Saving Account

No Frill Account

No Frill Saving Account:

It provides necessary banking facility while you need not to maintain minimum balance.

Features:

All resident individuals eligible to open a "No Frills Saving Account" except NRIs, trusts, societies, etc.

Any number of accounts in a family can be opened under this scheme.

Nomination facility is available.

Terms and Conditions:

Total credits in the account should not exceed Rs.1,00,000/- in a year.

The balance in all the accounts of the accountholders taken together in the bank should not exceed Rs.50,000/-.

No cheque book facility will be available.

Withdrawals will be through withdrawal slip.

Note: If at any point of time the balance in the NO FRILL ACCOUNT exceeds Rs. 50,000/- or total credits in the account in a year exceed Rs.1,00,000/-, the account will be kept deactivated and can only be re-activated as a Regular Saving Account after completion of KYC formalities.