Savings Bank

Savings Bank account may be opened in the name of an individual or in the names of two or more individuals. In case of Joint account, it can be operated jointly or severally, with either or survivor or former or survivor clause. Account may be opened in the name of minor, to be operated by guardian.

Minor above the age of 10 years can operate savings account independently. An illiterate person can also open account jointly with literate or illiterate but literate will be the survivor. Blind person may also open the account. Account can be opened by a club, a society or an association.